“This is the litmus test of whether we’re serious to get energy independent. I think we will,” said Rep. Ralph Norman, when asked about linking the GOP’s energy permitting bill to its debt offer. | Francis Chung/POLITICO A growing bloc of House Republicans is urging Speaker Kevin McCarthy to consider demands beyond the budget —
Biden, House GOP refuse to budge as key debt ceiling deadline looms
March 2, 2023 by
The White House is already working behind the scenes to work around Speaker Kevin McCarthy. | Kevin Dietsch/Getty Images The Biden administration and House Republicans are heading toward an initial Thursday debt ceiling deadline without even a hint of an endgame, ensuring a months-long standoff that’s poised to rattle financial markets amid worries about a
Trump to GOP: Don’t touch Medicare or Social Security in debt ceiling fight
March 2, 2023 by
In issuing his statement now, the former president places his fellow Republicans in a political corner. | Joe Raedle/Getty Images Former President Donald Trump issued a warning to Republican lawmakers on Friday: Don’t lay a finger on entitlement programs as part of the debt ceiling showdown with the White House. “Under no circumstances should Republicans
Manchin: It’s a mistake to ‘not negotiate’ with Republicans on debt ceiling
March 1, 2023 by
Sen. Joe Manchin on Sunday said it’s a “mistake” that the Biden administration won’t negotiate with Republicans on the debt ceiling limit. “This is a — this is a democracy that we have. We have a two-party system,” Manchin (D-W.Va.) said, speaking on CNN’s “State of the Union.” “And we should be able to talk
Senate GOP to McCarthy: Debt fight is all yours
February 28, 2023 by
With the government funded until the end of September, many Republicans believe it’s Speaker Kevin McCarthy’s turn to make the tough calls during the new era of split government. | Anna Moneymaker/Getty Images Senate Republicans are happy to leave the hard work on averting a cataclysmic debt default this year to the House’s new speaker.
McCarthy optimistic about agreement with Biden on debt ceiling
February 26, 2023 by
House Speaker Kevin McCarthy speaks with reporters as he departs the U.S. Capitol. | Francis Chung/POLITICO House Speaker Kevin McCarthy said Sunday he thinks President Joe Biden will come to an agreement with him regarding the debt ceiling, despite the Biden administration’s previous assertions that they wouldn’t negotiate with House Republicans on the issue. “His
Schumer plots debt ceiling course against McCarthy: ‘We’ll win’
February 26, 2023 by
Senate Majority Leader Chuck Schumer is directing heat at the new House GOP majority on the daily. | Francis Chung/POLITICO Chuck Schumer, as he’s known to do, is talking a lot these days. And it’s all aimed at Kevin McCarthy. The Senate majority leader is directing heat at the new House GOP majority on the
Here’s how the debt crisis could end if Biden-McCarthy talks fail
February 25, 2023 by
Senate Minority Leader Mitch McConnell of Ky., and House Minority Leader Kevin McCarthy of Calif., speak to reporters outside the White House after a meeting with President Joe Biden. | Evan Vucci/AP Photo Even before Joe Biden and Kevin McCarthy held their first debt limit meeting, many lawmakers were already thinking about a backup plan
Biden and McCarthy hold ‘first good’ meeting on debt ceiling, but ‘no agreements, no promises’
February 24, 2023 by
In a statement, the White House called the meeting a “frank and straightforward dialogue” that represented the first of many conversations. “President Biden made clear that, as every other leader in both parties in Congress has affirmed, it is their shared duty not to allow an unprecedented and economically catastrophic default,” the White House said.
Donald Trump Warns GOP Against Cutting Medicare, Social Security Amid Debt Ceiling Fight
January 20, 2023 by
Donald J. Trump For President 2024 Former President Donald Trump warned Republicans not to vote for any cuts to social security or medicare as lawmakers spar over the debt ceiling. “Under no circumstances should Republicans vote to cut a single penny from medicare or social security to help pay for Joe Biden’s reckless spending spree
Bidenomics Sends U.S. National Debt Soaring Past $31 Trillion for First Time
October 6, 2022 by
The Biden administration’s ceaseless borrowing addiction has driven gross national debt past $31 trillion for the first time amid record inflation, rising interest rates, and fears of a looming recession. The United States’ public debt closed at $31.1 trillion on Monday, according to Treasury Department data published Tuesday. The milestone comes as the Federal Reserve continues to hike interest rates to…
Trump Racks Up $8 Trillion In National Debt Throughout Presidency
January 1, 2021 by
President Donald Trump added nearly $8 trillion to the U.S. national debt throughout his presidency, according to the Washington Examiner. Before Trump took office in 2016, the federal debt stood at roughly $20 trillion, but it has ballooned over the past four years to nearly $28 trillion as of Monday, the Examiner reported, citing data…
Why The GOP Should Tackle Student Debt
November 21, 2020 by
It’s time for the populist right to steal the trademark policy of the bourgeois left — with a few important caveats, of course.It’s the last taboo. You can find hordes of self-identified conservatives who are all in on the LGBT agenda. You’ll find plenty who see no problem with government-sanctioned infanticide, so long as we…
President Trump’s Debt Increase Half that of Obama’s – US Debt Surpasses $21 Trillion.
March 17, 2018 by
The US Debt surpassed $21 Trillion for the first time in history this week. What the MSM won’t tell you is that President Trump’s debt increase is half of Obama’s at the same time in their Presidencies. President Trump took over in 2017 with nearly $20 trillion of debt and the related interest payments on […]
President Trump’s Debt Increase is Half Obama’s Debt Increase at Same Time in Their Respective Presidencies.
March 6, 2018 by
In spite of the fact that President Trump took over with nearly $20 trillion of debt and the related interest payments on the debt, and in spite of the Federal Reserve (FED) increasing interest rates by a full one percent since the 2016 election, President Donald Trump’s debt is half that of Obama’s. The US Debt […]
Obama’s Real Debt and Deficit Legacy.
February 20, 2018 by
Congressional Republicans have been raked over the coals in the last two weeks for slamming through budget caps and inflating government spending and debt by another $300 billion. The criticisms are well-deserved. It’s a historical truism that Republicans are much more fiscally conscientious when they are in the minority than when they run Congress. And […]
President Trump Accomplishes the Impossible: Reduces Debt to GDP Ratio by 1% His First Year in Office.
November 18, 2017 by
President Trump’s policies have decreased the Debt to GDP ratio by 1% while at the same time the Atlanta Fed announced yesterday that the 4th Quarter GDP estimates have increased by 0.2% to 3.4%. Since his inauguration President Trump has focused his efforts on the security of the country and on the prosperity of its […]
TRUMP on Track to Make History! – Lowest Debt Increase of Any US President in 40 Years!
September 30, 2017 by
President Trump announced a massive overhaul of the US Tax code this week. As reported at MarketWatch: The Trump-GOP tax plan just announced has the potential to affect retirement savers in fundamental, long-term ways that could be positive for many Americans. The plan is a long way from reality and is likely to see some […]
The National Debt Just Hit $20 Trillion. Here’s How Congress Can Restore Fiscal Sanity.
September 14, 2017 by
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
September 12, 2017 by
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.
September 11, 2017 by
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 […]
House Approves Harvey Relief Bill Among Debt Ceiling Controversy
September 9, 2017 by
UPDATE: President Trump has signed the bill. .@POTUS just signed H.R. 601 providing much needed support for storm survivors. Our thoughts and prayers are with all impacted. — Sarah Sanders (@PressSec) September 8, 2017 ***Original Post*** It stoked some controversy, but the $15.25 billion Harvey relief package has passed the House by a vote of […]
Most Awkward Dinner Ever: Trump To Dine With Ryan Day After Siding With Dems On Debt Ceiling
September 7, 2017 by
President Donald Trump will host Speaker Paul Ryan at the White House residence Thursday evening, according to the president’s daily schedule, the day after Trump took a deal that may favor the Democrats on debt ceiling negotiations. Trump met with congressional leaders of both parties Wednesday, and decided to back a three-month lift of the […]
ANOTHER RECORD: President Trump Cuts More US Debt for a Longer Period of Time Than Any President in History
August 20, 2017 by
It’s Now Official – No President in US History has Cut More from the US Federal Debt for a Longer Period of Time than President Donald J. Trump. President Trump now can claim the longest and largest decrease of US Federal Debt in US history. When President Trump was inaugurated on January 20, 2017 the amount […]
After First Hundred Days Media Ignores Trump Decreased US Debt by $100B Since Inauguration.
April 25, 2017 by
USA Today is reporting that the government may shut down by this coming Friday if Congress does not provide President Trump with a bill to keep it going. Congress returns Monday with just five days left to keep the government from shutting down, and President Trump is adding to the pressure by demanding money for a Southwest […]
It Could Take 460 Years to Eliminate the National Debt, Warns Senator – VIDEO
December 9, 2016 by
Sen. James Lankford (R-Okla.) releases his annual “Federal Fumbles” waste report on federal spending Nov. 28, 2016. (Photo By Bill Clark/CQ Roll Call via AP Images) WASHINGTON – Sen. James Lankford (R-Okla.) said the United States could eliminate the deficit in 10 years if the government “chipped away” at it every fiscal year. Lankford explained […]
30 Reasons in 30 Days to Vote for Donald Trump – #12 Obama’s Massive $20 Trillion Debt
October 27, 2016 by
As we count down to the November 8th election, we will list 30 reasons in 30 days to vote for Donald Trump for President of the US. Reason #12 – Obama’s Massive $20 Trillion Debt The New York Post reported in August that “Obama’s leaving his successor a national debt nightmare!” Under Obama the US […]
Obama Has Collected $19,966,110,000,000 in Taxes; Incurred $8,795,689,333,049 in Debt
August 10, 2016 by
During the 90 full months President Barack Obama has completed serving in the White House—February 2009 through July 2016–the U.S. Treasury collected approximately $19,966,110,000,000 in tax revenues (in non-inflation-adjusted dollars), according to the Monthly Treasury Statements. During those same 90 months, the federal debt rose from $10,632,005,246,736.97 to $19,427,694,579,786.64—an increase of $8,795,689,333,049.67. In July, according […]
CBO: National Debt to Hit $19.1 Trillion Under Obama
February 6, 2016 by
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 […]
CBO: Deficits and Debt to Surge in Obama’s Final Year
January 20, 2016 by
Just a week after President Barack Obama boasted about slashing the federal deficit, the nonpartisan Congressional Budget Office estimates that deficit will rise in 2016. “The deficit projected by CBO would increase debt held by the public to 76 percent of GDP by the end of 2016, the agency estimates — about 2 percentage points […]