Tag Archives: national debt

NBC News reports: Budget experts say that even if Trump succeeds at slashing the spending his Musk-led DODE is targeting — like USAID and diversity, equity and inclusion initiatives governmentwide — his policies would still substantially add to the deficit if they come to fruition. Trump has called for a series of steep tax cuts that would add at least …

From the right wing Washington Examiner: President Trump promised in the 2016 campaign to eliminate the federal debt over a two-term presidency. That pledge won’t come to fruition, and, in fact, he will leave office having added massively to the debt. “His tenure has been marked by a total disregard for any concern about mounting debt,” said Jim Capretta, a …

CBS News reports: An online petition to sell the state of Montana to Canada for $1 trillion has gone viral. The Change.org petition has more than 8,000 signatures so far. “We have too much debt and Montana is useless,” says the petition. “Just tell them it has beavers or something.” Ian Hammond, the petition creator, wants to sell The Treasure …

The Daily Beast reports: Since the 2016 presidential campaign, Donald Trump’s aides and advisers have tried to convince him of the importance of tackling the national debt. Sources close to the president say he has repeatedly shrugged it off, implying that he doesn’t have to worry about the money owed to America’s creditors—currently about $21 trillion—because he won’t be around …

The Washington Examiner reports: The national debt rose more than $1.2 trillion in the fiscal year that just concluded on Sept. 30, according to a government website that tracks the debt. The total national debt was $20.245 trillion on the last business day of fiscal year 2017. On the last business day of fiscal year 2018, which was Friday, Sept. …