Four-fifths of our national debt—over $36 trillion—is available for the public to own and, of that $29 trillion, over two-thirds, stays in the U.S., from Peterson Foundation data. Although there are caps on how much of this debt you can invest in each year, there is no overall limit on how much you can own.…
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Consider the math. If we reimburse our treasury at the rate of $186,000.00 per second, the speed of light, it will take more than six years to reduce our current $36 trillion debt to zero.…
The bottom line is this: Unless you radically change Social Security, Medicare, or Medicaid, all of which would require legislative action and the signature of a president, there are only two real choices to reduce spending.…
The overhaul the Trump administration is missing: Start with the most egregious and work down!…
So let’s test this claim with a close look at the last 50 years. We go all the way back to 1974, and the Presidential Administration of Gerald Ford. During the 50 years from then until now, Republicans occupied the Oval Office for 27 years, and Democrats for 23. The Republicans, and the total years of their presidencies were: Ford (3), Reagan (8), Bush I (4), Bush II (8), and Trump (4). The Democrats were Carter (4), Clinton (8), Obama…
Last time, we saw how our National Debt ballooned to $33 trillion from the $6 trillion spent by the Trump Administration and $3 trillion by the Biden Administration for the COVID rescue. The unprecedented spending definitely helped create an inflationary economy.…
Our National Debt dates from the earliest days of the American Republic. When we fought the Revolution, we borrowed (from France) to pay for the weapons needed to take the fight to the British.…
