#NationalDebt

[azspot]

One of President Donald Trump’s lesser known but profoundly damaging legacies will be the explosive rise in the national debt that occurred on his watch. The financial burden that he’s inflicted on our government will wreak havoc for decades, saddling our kids and grandkids with debt.

The national debt has risen by almost $7.8 trillion during Trump’s time in office. That’s nearly twice as much as what Americans owe on student loans, car loans, credit cards and every other type of debt other than mortgages, combined, according to data from the Federal Reserve Bank of New York. It amounts to about $23,500 in new federal debt for every person in the country. Get Our Top Investigations

The growth in the annual deficit under Trump ranks as the third-biggest increase, relative to the size of the economy, of any U.S. presidential administration, according to a calculation by a leading Washington budget maven, Eugene Steuerle, co-founder of the Urban-Brookings Tax Policy Center. And unlike George W. Bush and Abraham Lincoln, who oversaw the larger relative increases in deficits, Trump did not launch two foreign conflicts or have to pay for a civil war.

[karl-says]

An economy based on debt, where no one owns anything, cannot stand.

[ivygorgon]

An open letter to the U.S. Congress

Pass President Biden’s budget!

890 so far! Help us get to 1,000 signers!

At a time when working families are having trouble affording everything from healthcare to education to housing to food, we need a budget that lowers costs for millions of households―paid for by making the wealthy and big corporations pay their fair share.

President Biden’s FY2025 budget would expand the Child Tax Credit, expand Affordable Care Act subsidies to help millions of people afford healthcare in states that haven’t expanded Medicaid, invest in free pre-K for 2 million kids, implement a national paid family and medical leave program, provide free community college, expand Social Security’s modest benefits, and more.

It would also reduce the national debt by nearly $3 trillion.

He does this by raising the corporate tax rate, implementing a 25% tax on the wealth gains of billionaires and ultra-millionaires, ending tax breaks for excessive CEO pay, closing loopholes that encourage corporations to ship jobs and profits offshore, and much more.

I urge Congress to pass President Biden’s FY2025 budget to invest in working people and our future. By wide margins, the American people think that the wealthy and large profitable corporations should pay more of their fair share in taxes. So endorsing the president’s budget is not only good policy, it’s good politics. Thanks!

▶ Created on March 15 by Jess Craven

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[pennsyltuckyheathen]

Tax cuts for corporations and the top percent - who don’t pay their fair share.  

[sutrala]

Unsustainable: Yellen resigns, leaving behind over $36 TRILLION in debt — the highest in U.S. history http://dlvr.it/TGmNVq

[rethinking-the-dollar]

Elon Musk warns: America’s rising debt is pushing the country toward de facto bankruptcy. Is this the beginning of economic collapse? Find out now.

[mortiz888-blog]

The Truth Behind America's Growing Deficit and Debt Crisis!

Join Elon Musk as he delves into the critical issue of government finance and the urgent need for deficit reduction. This enlightening presentation breaks down the complexities of national debt, interest rates, and financial shortfalls that impact the economy. Don’t miss this insightful discussion! #DeficitReduction #GovernmentFinance #ElonMusk #NationalDebt #EconomicCrisis #FiscalResponsibility…

[freefontdownloaddotorg]

National Debt Font : Free Font Download

National Debt is an ideal font choice for all your creative designs. https://www.freefontdownload.org/en/national-debt.font

[farademetre]

Could a 'Value-Added Tax' Be a Solution to Our Crippling Debt Problem?

The Congressional Budget Office projects that interest on the national debt will total an astounding $870 billion by 2024—a number that surpasses our defense expenditures.

[usnewsper-politics]

Trump Slams Haley's Tax Proposal: A Big Hoax to Please Elites, Hurting Economy! #consumptiontax #donaldtrump #economicgrowth #economy #FiscalPolicy #nationaldebt #NikkiHaley #republicanparty #revenue #valueaddedtax

[usnewsper-business]

Japan's Bold Move: Boosting Economy, Tackling Debt for a Brighter Future! #agingpopulation #bondyields #borrowingcosts #competitiveness #demographicchallenges #economicgrowth #financialmarkets #fiscalconsolidation #fiscalyear2024budget #Japanesegovernment #labormarket #longterminterestrateestimate #monetarypolicy #nationaldebt #Productivity #sustainablefiscalmanagement. #yenexchangerate

[20westlegal]

Ever wondered how the national debt ceiling extension might affect your family's money matters?

Not knowing about these big economic changes can leave you unprepared and could shake up your financial stability. Everything from your savings and investments to your overall financial safety could be at risk.

Check out our latest blog post. Learn more, understand the effects, and take steps to protect your family's financial future. Read now! https://bit.ly/natldebtceilingextension

[thxnews]

Remarks by President Biden in Cabinet Meeting

In a recent Cabinet meeting, President Biden lauded the prevention of a catastrophic default and emphasized the ongoing historic recovery of the American economy. The President highlighted the bipartisan agreement that demonstrated the functionality of American democracy, emphasizing the importance of compromise and consensus in governing. The positive news continued with the announcement that the economy added 339,000 jobs last month, bringing the total to 13.1 million jobs since the Biden administration took office. President Biden expressed his commitment to investing in America, which extends beyond a mere slogan. The administration is focusing on the American people, infrastructure, manufacturing, and job creation across communities nationwide. President Biden stressed that America is finally investing in itself after a prolonged period and emphasized that this investment is starting to yield results. The meeting aimed to discuss the progress made in investing in America and the steps each agency present would take to build on that progress. Despite the achievements, the President acknowledged that there is still more work to be done. The bipartisan budget agreement signed by President Biden was also on the agenda, targeting a reduction of nearly $1 trillion in the deficit. This reduction adds to the $1.7 trillion already achieved during the first two years of the administration. The President contrasted this approach with his predecessor, highlighting that the previous administration increased the national debt by $8 trillion in just four years. Furthermore, the agreement prioritizes the protection of Social Security, Medicare, Medicaid, veterans' care, and economic progress. Notably, it safeguards the $470 billion in private investment attracted to the United States in areas such as manufacturing, clean energy, and the fight against climate change. The progress in reducing costs for prescription drugs, including insulin, and home energy bills is also underscored. President Biden reiterated the administration's focus on implementing passed legislation, investing in America, securing the border, combating the climate crisis, and protecting the fundamental rights of Americans. As part of their efforts, the administration launched a new website, Invest.gov, which showcases both public and private sector investment projects across the country. The site allows users to explore investments by state and locality. The President concluded the meeting by addressing questions from the press. When asked about the dam explosion in Ukraine and Russia's involvement, President Biden affirmed that the United States would stand with Ukraine and assist them. He reiterated the commitment, saying, "We are not leaving." Regarding the absence of a statement on the D-Day anniversary, the President assured that a commemoration would be forthcoming. In response to a question about the PGA Tour merger with LIV, President Biden humorously mentioned his plans to participate in the PGA. The Cabinet meeting showcased President Biden's emphasis on economic progress, investments in America, and the administration's commitment to supporting Ukraine while addressing domestic and international concerns.   Sources: THX News & White House. Read the full article

[rethinking-the-dollar]

Debt Now High Enough to Threaten National Security