During a press conference on Tuesday, Senate Majority Leader Mitch McConnell (R-KY) stated that Congress needs to start thinking about “the amount of debt that we’re adding to our country” and that he hopes to see “beginning steps to open
The CBO forecasts a $1 trillion budget deficit this year and an average of $1.3 trillion over the next ten years.
Alfredo Ortiz of Job Creators Network writes about the approaching $23 trillion federal debt and laments how no one seems to worry enough to do something about it. Ortiz suggests only a constitutional amendment will fix the problem.
The CBO said it expects interest rates to be lower than it projected last year but even in the short term, its forecast is too high.
Populist columnist Daniel McCarthy says the future of Western Civilization is vastly more fundamental to the American nation than economic libertarians’ worries over Social Security and Medicaid funding.
Congressman Alexandria Ocasio-Cortez’s (D-NY) radical Green New Deal would cost over four times the national debt, according to a study released on Monday.
The First Step Act could be the beginning of a joint effort to address challenges that have ready solutions but that, because of their political difficulty, need bipartisan support to pass.
Director of National Intelligence Dan Coats warned the Senate Intelligence Committee on Tuesday about the risk posed by the national debt.
The United States Treasury Department revealed new estimates last week that show the country set to double borrowing in the current fiscal year, a total $995 billion that would nearly double last fiscal year’s $519 billion.
On Friday’s broadcast of CNN’s “New Day,” Senator Richard Blumenthal (D-CT) argued the GOP tax bill threatens national defense because it creates trillions of dollars in debt. Blumenthal said, “It’s extremely complex. And it does, in fact, as I think
The Trump administration removed an under-utilized Capital Bikeshare station within the White House security perimeter this week, according to a spokesperson for the District of Columbia’s transportation department.
Senator David Perdue (R-GA) joined SiriusXM host Alex Marlow on Wednesday’s Breitbart News Daily to talk about delaying the August recess so Congress can work on vitally needed legislation, prominently including the Obamacare repeal and replacement bill.
Rep. Mo Brooks (R-AL) told SiriusXM host Alex Marlow of Breitbart News Daily on Friday morning that he expects a vote on the House Obamacare replacement bill, the American Health Care Act (AHCA), the same day. Brooks is opposed to the bill.
Colorado Republican Rep. Ken Buck just dropped a funny-smart video about paying off the national debt featuring some of the most popular Capitol Hill Republicans, including Texas Sen. Ted Cruz, Utah Sen. Mike Lee, Rep. Mia Love, and South Carolina Rep. Trey Gowdy.
Politifact called President Trump’s deficit reduction efforts “mostly false” — while admitting that the statistics he used to make the point were factual.
One of Joe Biden’s last official acts as vice president was to attend the World Economic Forum in Davos, Switzerland. Speaking at the forum on January 18th, Biden warned the democratic world order is at risk of collapse.
President Obama has spent his final months in office giving juvenile speeches full of excuses for why nothing bad since 2009 was his fault, while everything good was his personal handiwork. In truth, everyone paying attention can see the signs of a diminished America. A new Gallup poll finds Americans believing their country slid backwards in 14 out of 19 policy domains, with the worst deterioration in the national debt, crime, income inequality, and race relations. Here is the state of America after eight years of Obama.
The debt at the end of 2016 was $19,976,826,951,047.80, a one-year increase of $1,054,647,941,626.91.
Beijing is no longer America’s top creditor, ceding that position to the government of Japan after selling $41.3 billion of its U.S. Treasury holdings in October.
At a press conference in Greece one week after the American voters rejected his legacy at the polls by picking Donald Trump over Hillary Clinton, President Obama defended his record, saying that people think he “did a pretty good job” as president.
Democratic presidential nominee Hillary Clinton said during the third presidential debate in Las Vegas on Wednesday that she “will not add a penny to the debt” if elected president.
GOP frontrunner Donald Trump hinted that if he were elected president, he would replace Federal Reserve Chair Janet Yellen.
Jeffrey Lord, contributing editor to the American Spectator and a CNN political commentator, joined Breitbart News Daily with host Alex Marlow on Tuesday morning to discuss the race for the Republican presidential nomination between Donald Trump and Ted Cruz, and
Sen. Ted Cruz calls “economic growth” the number one tool in the fight to stop the rapidly increasing federal debt.
GOP frontrunner Donald Trump said he would wipe out the United States debt in just eight years.
The Federal Reserve is dealing financial drugs and endangering the world economy by creating a bond bubble of epic proportions.
Financial analyst and Fox News contributor Gary Kaltbaum was not impressed with Federal Reserve chairwoman Janet Yellen’s congressional testimony this week.
Financial manager Ed Butowsky appeared on Breitbart News Saturday to discuss the latest economic news, criticizing the “complicit media” for slanting its reporting on jobs to favor the Obama Administration.
Gary Kaltbaum, president of Kaltbaum Capital Management and a Fox News contributor, appeared on Breitbart News Saturday to discuss the state of the economy. He advised against buying into the media spin that recent economic news has been good for the Obama legacy.
GOP presidential candidate Donald Trump proposed tackling the national debt by doing “the right job” purchasing drugs for Medicare and creating a “dynamic economy” on Friday’s “O’Reilly Factor” on the Fox News Channel. When asked why the national debt was
Much of the debate over the maybe-recovery concerns the manipulation of government reports. The Western world is moving rapidly toward a stagnant feudal system populated only by rich aristocrats, rich government officials, and a vast lower class that needs welfare transfer payments to survive. Debt-burdened workers with flat wages, shaky job prospects, and government subsidies for their basic needs are serfs, not a vibrant and independent middle class of entrepreneurs selling their labor to the highest bidders.
It’s painful to see newly-minted House Speaker Paul Ryan’s imprint on the irresponsible trillion-dollar omnibus spending bill, because he used to be one of the GOP’s most effective spokesmen for fiscal responsibility.
House Speaker Paul Ryan and other Republican leaders in Congress are putting the final touches on a massive omnibus spending bill that will fund the federal government until after the presidential election.
When I first met Jeff Landry in 2011, I thought I was just going to meet another member of Congress. Boy was I wrong.
Economic freedom is the practical expression of liberty – if we’re not free to sell our goods and labor, spending and investing the proceeds as we see fit, we’re not truly “free” to do anything but complain about how the government treats us. And if we don’t have access to valid information about the government, and how its activities distort our markets, we don’t have economic freedom, any more than the victim of a common swindle made a “free” choice to be robbed, themes discussed on Breitbart News Daily.
Senator Rand Paul is talking about America’s debt crisis, telling Breitbart News Daily that if he’s elected President, he will do everything in his power to prevent the debt ceiling from being raised again.
On Sunday, New York City’s AM 970 host John Catsimatidis welcomed former U.S. comptroller of the Government Accountability Office (GAO) chief David Walker on his “The Cats Roundtable” program. In the interview, Walker said that Americans have “lost touch with reality” when it comes
In a radio interview airing on Sunday, former U.S. Comptroller General and chief of the Government Accountability Office Dave Walker asserted that America’s national debt is over three times the official figure, which dramatically understates the government’s financial commitments.
With the signing of the Congressional budget deal on November 2 and sale of at least another $1.5 trillion in Treasury debt before he leaves office, President Obama will have earned title: “Mr. $20 Trillion.”
Paul Ryan’s previous criticism of the deal to his Republican colleagues was quite pointed, including a declaration that the process “stinks.” But now he expresses optimism that the deal will include “meaningful reforms to strengthen our safety net programs, including significant changes to bolster Social Security,” and fund the military, as well as providing an opportunity to “return to regular order in our budget process.” His evaluation has been upgraded from stinky to “some good, some bad, and some ugly.”
