19.4 Trillion Dollars In Debt – We Have Added 1.1 Trillion Dollars A Year To The National Debt Under Obama

by Source: theeconomiccollapseblog.com In 2006, U.S. Senator Barack Obama’s voice thundered across the Senate floor as he boldly declared that “increasing America’s debt weakens us domestically and internationally. Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren.”  That was one of the truest things that he ever […]

Trump Suggests National Debt “Deal,” Media Calls It “Fanciful” and “Dangerous”

by Source: thenewamerican.com A snippet from Donald Trump’s conversation with CNBC on Thursday raised the ire of numerous media commentators, who called Trump’s plan “unprecedented” (CNBC), “fanciful” and a “threat” (New York Times), and “tantamount to a debt default” (Yahoo Finance). Others called his remarks “reckless,” while Tony Fratto, a former Treasury official in the […]

Total US debt soars to nearly $60 trn, foreshadows new recession

by Source: rt.com America – its government, businesses, and people – are nearly $60 trillion in debt, according to the latest economic data from thethe St. Louis Federal Reserve. And private debt – not government borrowing – is the biggest reason for the huge deficit. Total US debt at the end of the first quarter […]

Fears of market collapse amid record margin debt

by Source: wnd.com NEW YORK – Borrowing money from stock brokers to buy stocks has now hit an all-time high, triggering fears of a downward market adjustment and a collapse of the brokerage-made loan market investors typically use to fuel continued bull market growth. Data published by the New York Stock Exchange at the end […]