Posts Tagged ‘national debt’
Senate votes to increase debt ceiling $1.9 trillion – That’s 15%
More than a week ago, I told you about a Democrat proposal to increase the debt ceiling for the federal government by a whopping 15 percent from $12.4 trillion to $14.3 trillion dollars. The Senate just voted to go with the plan, and they voted exactly down party lines – 60 to 40.
Read MoreDemocrats propose increasing debt ceiling a whopping 15%
Not so unbelievable news from Washington D.C. tonight, where Democrats in Congress are requesting – from themselves – they be allowed to increase the federal debt ceiling more than 15 percent, from 12.4 trillion to 14.3 trillion. What’s a couple more trillion ya know?
Read MoreDeficits are bad, but the real problem is spending
Another great featured video from the Cato Institute. Dan Mitchell uses an analogy I’ve used myself when discussing the United States deficit and debt, comparing it to a family getting a mortgage for a home. Mitchell is even using my “symptom of the disease” theme. I’m honored Dan … 😉
Read MoreMore debt for you and your children
Our Congress is not content spending at record levels, it now intends to break even their record levels of spending. The result will be that, not you, but your children or grandchildren will saddled with the responsibility of paying back this debt. It is unconscionable really, criminal.
Read MoreBorrowing more than you can pay back – not a good idea
Looking for a loan? Mortgage lenders take a look at your debt to income ratio. In general, the more you earn the more you can borrow. How does the debt to income ratio look for the United States?
Read MoreCongressman Larson explains a few things
First District Congressman John Larson tries to explain a couple of things.
Read MoreWow – Bush Unveils $3.1 Trillion Budget for 2009
Can you believe this? Can you comprehend how much money one trillion dollars is? That’s 1,000 billion dollars. Now times that by more than three. For reference, in 2002 we broke the two trillion dollar mark. That means – no matter how you look at it – the federal government has grown almost 36 percent…
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