Times Square Billboard Warns $34 Trillion National Debt Is ‘Ticking Time Bomb’
A billboard in New York City’s Times Square warns of the “ticking time bomb” that is the $34 trillion national debt.
A billboard in New York City’s Times Square warns of the “ticking time bomb” that is the $34 trillion national debt.
Economy Minister Luis “Toto” Caputo announced over the weekend that Argentina registered a roughly $620 million financial surplus in January, the first positive financial result of its kind experienced by the South American country in 12 years.
One first step to help reverse runaway debt is ending free handouts of taxpayer money to foreign countries via foreign aid grants, which have reached record levels in recent years.
The administration of Argentine President Javier Milei announced a series of intensive economic measures on Tuesday to help prevent hyperinflation and balance the national debt, including a dramatic devaluation of the Argentina peso and a pause on all federal public works projects.
Former Vice President Mike Pence gave a full-throated condemnation of Republican populism on Wednesday and implored Republicans to embrace traditional conservatism over the rising movement he likens to progressivism on the left.
“The national debt is now the same size as our gross domestic product. It’s like your credit card debt being as much as your entire annual income,” Peter Schweizer says on this week’s episode of The Drill Down podcast.
China spent $240 billion between 2000 and 2021 to “rescue” 22 countries struggling to repay predatory Belt and Road Initiative (BRI) loans, according to a report published on Tuesday.
The U.S. is extremely unlikely to default on its debt, no matter how badly the negotiations over the debt ceiling break down.
The Federal Reserve is going to have to monetize the national debt to finance it, Breitbart Economics Editor John Carney said in an interview Wednesday on Larry Kudlow’s eponymously named Fox Business show.
Jim Banks told Breitbart News that he is running for the U.S. Senate in 2024 because America needs “conservative fighters in the Senate.”
The president’s Chief of Staff Ron Klain claimed Monday that carefulness with taxpayers’ money “is very important” to those who work in the Biden administration, which posted deficits worth a combined $4.2 trillion in fiscal years 2021 and 2022.
President Joe Biden has made several false or misleading claims while campaigning for congressional Democrats before the Midterm Elections, according to CNN.
The Biden administration’s ceaseless borrowing addiction has driven gross national debt past $31 trillion for the first time amid record inflation, rising interest rates, and fears of a looming recession.
Prime Minister Liz Truss has announced a freeze on energy bills, an end to the ban on fracking for shale gas, and new licences to drill oil in the North Sea.
The British government has insisted it has no idea how much debt it owes to foreign states, including effectively hostile powers such as Russia and Communist China.
Sen. Rick Scott (R-FL) on Tuesday morning released an 11-point broad vision for Republicans if and when they retake control in Washington, complete with 128 specific policy promises to voters.
During an interview on this week’s broadcast of “Fox News Sunday,” anchor Chris Wallace asked Sen. Lindsey Graham (R-SC) why Republicans were willing to “play politics” with raising the debt ceiling.
“Two out of three millionaires get a big tax cut” if the Biden administration’s Build Back Better plan is enacted, Rep. Kevin Brady (R-TX) said.
Democrat Rep. Cindy Axne (D-IA) claimed last week that President Biden’s Build Back Better agenda will cost Iowans “literally nothing.”
Democrats’ spending bill could end up costing double what they are publicly claiming, the Wall Street Journal reported.
Some politicians think they’ve found a silver bullet for the impasse over the debt limit, except the bullet is made of platinum: Mint a $1 trillion coin, token of all tokens, and use it to flood the treasury with cash and drive Republicans crazy.
One Democrat lawmaker’s solution to combating money troubles in the United States is to simply create more out of thin air.
To restore our national security, we need to start over. And the first step must be to remove the leaders who brought us here.
Sen. Joe Manchin (D-WV) has publicized his concerns with the $3.5 trillion trojan horse reconciliation package, which include the increases of inflation and the national debt.
Vice President Kamala Harris is blaming women’s unemployment rates on unaffordable child care to promote the American Families Plan.
The United Kingdom’s economic emergency is “just beginning”, according to Chancellor of the Exchequer Rishi Sunak, who predicted that unemployment will rise by over one million in the coming months.
Joe Biden has purportedly settled on former Federal Reserve chairwoman Janet Yellen as his secretary of the treasury, according to the Wall Street Journal.
The British government may need to increase taxes by over £40 billion per year in order to prevent the debt accrued during the China virus lockdowns from “spiralling upwards”, the Institute for Fiscal Studies (IFS) warned in a report.
LONDON (AP) — Britain’s government debt has breached the 2 trillion-pound ($2.6 trillion) mark for the first time after heavy borrowing to support the economy during the coronavirus pandemic.
During an interview aired on Wednesday’s broadcast of “PBS NewsHour,” Senate Majority Leader Mitch McConnell (R-KY) stated that there are about 20 Republican members of the Senate who believe that “we’ve already done enough” in terms of economic relief and who
The future no longer belongs to me, which means it’s not my problem…
On Friday’s “PBS NewsHour,” New York Times columnist David Brooks argued that debt and deficit concerns shouldn’t factor into debates about coronavirus aid. Brooks responded to a question on how much worries about the deficit should be part of the debate over
During an interview with House Speaker Nancy Pelosi (D-CA) broadcast on Friday’s edition of HBO’s “Real Time,” host Bill Maher expressed concern about the amount of money the government is spending due to the coronavirus pandemic and stated that “It
On Wednesday’s broadcast of the Fox News Channel’s “Hannity,” House Minority Leader Kevin McCarthy (R-CA) pushed for some economic reopening and expressed concern about the amount of debt Congress has taken on. Host Sean Hannity asked, [relevant exchange begins around
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.