Feds Run Third-Largest National Debt Ever as Interest Payments Eclipse $1 Trillion
In one of the biggest economic stories of the year that nobody seems to care about, the Biden administration ran the third-largest budget deficit in history in fiscal 2024, and paid over $1 trillion just on interest payments on the debt. This is the kind of borrowing...
America Reaches a Sad Milestone
Last week the national debt reached 35 trillion dollars, a mere seven months after the debt reached 34 trillion dollars. To put this in perspective, the national debt first reached one trillion dollars in October of 1981, almost 200 years after the Constitution’s...
Out-of-Control Spending and Debt Means More Tyranny
The federal government’s debt load just passed $35 trillion. According to usdebtclock.org, that amounts to $267,000 per taxpayer. It’s worth mentioning that that federal debt load does not include Social Security and Medicare obligations or the obligations arising...