October 21, 2017

WINNING: U.S. Household Wealth Reaches Record High of $1.7 Trillion

Household wealth in America reached a record high of $1.7 trillion in the second quarter of 2017 due to rising property values and gains in financial assets, according to a Federal Reserve report released Thursday. The report showed that low inflation and a strong job market contributed to Americans’ improved purchasing power, which in turn, […]

The National Debt Just Hit $20 Trillion. Here’s How Congress Can Restore Fiscal Sanity.

Our national debt just topped $20 trillion. That’s 13 zeros, or $20,000,000,000,000. This also means that the federal government now owes almost $1.5 trillion more than the entire U.S. economy produced in 2016. To put this number into context, here are some other things that add up to $20 trillion: So how exactly did we […]

Obama Added $1 Trillion More to the US Debt Than President Trump At this Time in Their Presidencies

President Trump’s record for the largest and longest US Debt decrease still stands but it ended today. Although President Trump held the longest and largest decrease of US Federal Debt in US history at $100 Billion, it is now over. When President Trump was inaugurated on January 20, 2017 the amount of US Federal Debt owed […]

U.S. National Debt Hits $20 Trillion For First Time In History.

On Monday, the total public outstanding debt hit $20 trillion for the first time in history after seeing several months of decline. For the first several months of President Trump’s administration, the national debt saw a steady decline, dropping approximately $100 billion from the day Trump took office until last week. However, figures released on […]

$1.48 Trillion: Government Collects Record-High Taxes in First Half of FY 2016, Still Runs $461 Billion Deficit

Inflation-adjusted federal tax revenues hit a record $1.48 trillion for the first half of fiscal year 2016, but the federal government still ran a $461 billion deficit during that time, according to the latest monthly Treasury Department statement. Treasury receipts include tax revenue from individual income taxes, corporate income taxes, social insurance and retirement taxes, unemployment […]

Hillary Confirms Trillion Dollar Tax Hike Plan

[Alert: Hillary Endorses New National 25% Gun Tax: “I am all for that.”] During an interview with the editorial team of the New York Daily News, Hillary Clinton admitted her tax proposals will increase taxes on the American people by at least $1 trillion over the next ten years. Here is the key exchange from […]

CBO: National Debt to Hit $19.1 Trillion Under Obama

The Congressional Budget Office is predicting that the national debt will rise by a bit more than half a trillion dollars for the next two years, which will leave the nation with a $19.1 trillion debt by the time President Barack Obama leaves office. That would be close to a doubling of the debt under […]

Merry Christmas: House Passes $1.1 Trillion Spending Bill–Thanks To Democrats

It’s pretty much a done deal. The House passed a $1.1 trillion dollar omnibus spending bill, and have skipped town for the holidays. The Senate is poised to pass the bill later today. House Democrats were key in getting this piece of legislation over the finish line (via Roll Call): Legislation to fund government operations through the remainder […]

Paul Ryan Betrays America: $1.1 Trillion, 2,000-Plus Page Omnibus Bill Funds ‘Fundamental Transformation of America’

  Rep. Paul Ryan (R-WI)58%’s first major legislative achievement is a total and complete sell-out of the American people masquerading as an appropriations bill.   Too harsh, you say? Let the programs, the spending, and the implications speak for themselves. (1) Ryan’s Omnibus Fully Funds DACA Though much of the public attention has surrounded the President’s […]

$20 TRILLION DOLLAR MAN (WITH GOP HELP!)

President Barack Obama will increase the national debt to $20 trillion — and he’ll be doing so with an assist from Republican leaders in Congress — when he signs the bipartisan two-year spending agreement.   The national debt is currently at $18.15 trillion. But the new deal lifting the debt ceiling allows the Treasury Department to borrow another $1.5 trillion […]

Bernie Sanders policy proposals would cost $18 trillion

As a socialist, Senator Bernie Sanders is bubbling over with ideas on how to spend your money – as well as money the government has to print. So what would it cost to turn America into a workers’ paradise? The Wall Street Journal figures about $18 trillion. In all, he backs at least $18 trillion […]

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