The National Debt Is Becoming a Public Health Threat
Over the past three years, the amount of interest the U.S. government has to pay on the national debt has become the fastest-growing category of government spending. It was already the second-largest government expenditure in 2024 and will soon become the largest. The Committee for a Responsible Federal Budget (CRFB) estimates that the growing burden of the interest paid on the national debt will account […]
Mounting Debt Accumulation Won’t Go On Forever
Joe Biden loves to give away money, especially if it’s not his own. He has spent trillions of dollars for political benefit that didn’t need otherwise to be spent. The recipients laud his compassion and generosity. Common Americans though are trapped in an inflationary spiral while our grandchildren face an unpayable bill. Thus, in a […]
Why the US Debt Is Unsustainable and Is Destroying the Middle Class
In a recent tweet, a talented financial analyst and investor stated: “The “debt is unsustainable” narrative has been around for 40 years plus. What’s astonishing to me is how the people who push this narrative never ask themselves, “Why has it been sustainable for so long?”. There is a widespread idea that the fiscal imbalances […]
Kevin O’Leary says that if Trump wins in November he will owe a ‘big debt to Alvin Bragg’
Please subscribe to Fox News to access this content Plus, with your account you get exclusive access to handpicked articles and other premium content for free. By entering your email address and pressing “Continue”, you agree to Fox News’ Terms of Use and Privacy Policy, including the Financial Incentive Notice. Please enter a valid email […]
Tori Spelling, Dean McDermott owe $400K in unpaid debt on bank loan
Tori Spelling filed for divorce from estranged husband Dean McDermott earlier this year after 18 years of marriage, but the matter of an unpaid bank loan from 2012 has yet to be resolved. City National Bank is still trying to collect more than $400,000 in outstanding debt from Spelling & McDermott in a breach of […]
Indiana man Beau Burchel steals liquor truck from outside bar to pay off drug debt
An Indiana man stole a liquor delivery truck from a bar parking lot in order to sell booze to pay off drug debts, police say. Beau Burchell, 39, was sitting in his car when he saw a box truck pull up to Cheers Bar in Muncie Thursday morning and decided to steal the truck, which […]
Buzz: Household debt to Feds $815,788; Trump-Levin share well-done steaks
Former President Donald Trump has been widely mocked for eating steak well done and with ketchup. But he has an ally in radio talk show biggie Mark Levin. “We like our steaks well done,” Levin told Trump on his show this week. Trump laughed his food critics off. “We eat food that some people say […]
Rising national debt to reduce Americans’ income growth: report
UBS Wealth Management SVP Brenda O’Connor Juanas and Wronski Group Founder John Wronski discuss earnings season and share their 2024 market outlook on “Mornings with Maria.” A new report says that if the rapidly growing national debt isn’t stabilized, it will be on track to cause declines in American household income growth over the coming […]
2.2M Americans over 55 still have student loan debt: Report
Millions of Americans age 55 and older still have not paid off their student loan debt, according to the Federal Reserve’s 2022 Survey of Consumer Finances released Wednesday. The survey An estimated 2.2 million people over the age of 55 have student loan debt that is impeding their retirement planning, according to an analysis by […]
Credit card spending the leading reason why 78% of Americans have debt regret: survey
Credit card debt is always at the back of some Americans’ minds, according to a recent survey. (iStock) A majority of Americans are feeling financial regret, according to a recent survey, as personal debt rises to an all-time high. According to Debt.com, about 78% of people said they have financial regrets, with 21% saying their […]