US Government Debt Problem Even Worse Than Advertised

US Government Debt Problem Even Worse Than Advertised

Through the first six months of fiscal 2021, the US government ran a record $1.7 trillion budget deficit. And there is no end in sight to the borrowing and spending. Just last month, the national debt eclipsed $28 trillion for the first time. But it’s even worse than...
These Are The Good Times And US National Debt Passed $23 Trillion

These Are The Good Times And US National Debt Passed $23 Trillion

And these are the good times. What happens in a recession? The US gross national debt – the sum of all Treasury securities outstanding – passed another illustrious milestone, $23.01 trillion, the US Treasury department disclosed on Friday. And it got there at...