Democratic staffer celebrates student debt forgiveness
According to LinkedIn, Ben Kamens profileKaptur, who serves as communications director for the office of Ohio Democratic Rep. Marcy Kaptur, came under fire for celebrating student loan forgiveness and thanking President Joe Biden. “Just got a call letting me know my student loans have been forgiven. This is why the election matters. Thank you @JoeBiden,” […]
US Debt-to-GDP Ratio Worsens Further, Despite Solid Economic Growth, as Government Debt Balloons at a Scary Pace
Estimated Reading Time: 2 minutes The economy grew solidly. The debt spiked. The US government debt is measured in “current dollars,” meaning: not adjusted for inflation. So we compare it to GDP in “current dollars,” not adjusted for inflation. The hope is that the current-dollar GDP, grew faster than the current-dollar debt so that the […]
The Truth About Bidenomics: More Debt, More Inflation
Estimated Reading Time: 3 minutes Estimates of United States growth have improved but remain massively below the Federal Reserve projections. After the largest monetary and fiscal stimulus in recent years, growth remains well below trend, and debt is significantly higher. It is interesting to hear Janet Yellen say that “trickle-down economics did not work” when […]
JAMES CARTER: Dissecting The US Treasury’s Dastardly Debt Disaster
Count five seconds. The federal government spent, in those few seconds, $137,940 on interest on the federal debt. Shockingly, the $870 billion the federal government will spend on interest this year is three times greater than what the Congressional Budget Office (CBO) estimated for fiscal year 2024 just three years ago. It didn’t need to be this way. […]
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’
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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 […]