marketcrash
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pensions
nationaldebt
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debtcollapse
federal debt
09/22/2023
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By Belle Carter
Public NUMBS as government DEBT BOMB explodes to $33T, annual budget DEFICIT approaches $2T
The United States gross national debt just exceeded $33 trillion on Friday, September 15, three months after the federal government’s debt eclipsed $32 trillion in June. Additionally, the budget deficit is on track to reach $2 trillion in the current fiscal year. As per financial experts, Americans seemed to have become desensitized to these figures […]
09/11/2023
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By Belle Carter
Republicans call out Biden’s liberal “work-from-home” arrangements, demands feds sell unused space to pay for ballooning national debt
The Government Accountability Office (GAO) reported that more than 75 percent of the available office space at 17 different federal agencies is still empty, as most employees are taking advantage of the liberal working arrangements and work-from-home policies of President Joe Biden’s administration. Moreover, damning reports reveal these employees have been in meetings while taking […]
03/12/2023
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By Belle Carter
Biden’s “excessive” budget proposal to drive national debt to $51 trillion over the next decade
If President Joe Biden’s $6.9 trillion budget proposal for the fiscal year 2024 gets approved, the gross national debt could skyrocket to $51 trillion by 2033 – nearly $20 trillion more than its current level of roughly $31.5 trillion. The public policy organization Committee for a Responsible Federal Budget (CRFB) warned that the portion of debt held […]
01/18/2023
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By Belle Carter
To increase or not to increase: Republicans and Democrats clash over $31.4 trillion debt ceiling
Treasury Secretary Janet Yellen notified the country’s lawmakers last week that Congress needs to decide whether or not to proceed with the increase of the $31.4 trillion national debt limit. According to Yellen, the U.S. will hit its cap on Thursday, January 19. Once that happens, she will not be able to issue new debt without […]
12/29/2022
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By Belle Carter
Economists: Over $31 trillion national debt could lead to slow-moving economic demise
The Department of the Treasury announced in October that the national debt blew past $31 trillion. Analysts say this is due to years of fiscal splurging and heightened by the Wuhan coronavirus (COVID-19) pandemic. Some economists are worried that it could lead to a slow-moving economic demise. (Related: US national debt hits $31 TRILLION for the first time.) […]
09/23/2020
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By Franz Walker
BLOWOUT: Coronavirus relief spending will cause federal debt to increase to 104 percent of GDP by next year
The ongoing Wuhan coronavirus (COVID-19) pandemic, including federal relief efforts to blunt its impact on the economy, will cloud the U.S.’s long-term fiscal outlook for decades to come. This analysis comes from the Congressional Budget Office (CBO), which released new forecasts Monday, showing that federal debt will likely surge to 104 percent in 2021 and be nearly twice […]
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