Category: Inflation and the National Debt

Does raising the debt ceiling pay off debt?

The government is no different than many regarding the transferring of debt from one source to another source with a higher credit limit to avoid a default, and ultimately spending more money because credit is available. Mick Mulvaney, (former Congressman, Director of the Consumer Financial Protection Bureau, and former acting White House chief of staff…

Read more »

Why is it so Hard to figure out the Debt Deadline?

  Daily we hear “the clock is ticking” and the government will run out of cash to pay its bills — mainly, we are told that it will not be able to pay Social Security and Medicare, etc.  Seniors should be planning their finances to avoid shortfalls resulting from a default. What are we to…

Read more »

Swiss Debt Brake – What is it? Will it work for the U.S.?

There was a recent political cartoon depicting an elephant and a donkey kicking the proverbial can down the road.  It seems that every debt ceiling debate results in more national debt, not less.  Isn’t it time to take a stand and do something about the debt to save the country and the future of the…

Read more »

Who Owns the National Debt?

As the debt ceiling debate continues to dominate the news cycle, do you ever wonder who actually owns the national debt?  Many believe that foreign governments own a large portion of the U.S. National Debt.  It is true that the national debt is owned by a number of foreign countries including Japan (largest foreign debt…

Read more »

The Misery Index – Is the U.S. a Happy Nation?

The original Misery Index was created by economist Arthur Okun, a member of President Lyndon Johnson’s Council of Economic Advisors. The Index was a way to help President Johnson understand how the country was doing by tracking the impact of unemployment and inflation on the population.  It was later modified by Robert Barro of Harvard…

Read more »

The Debt Ceiling Dilemma

According to the Peter G. Peterson Foundation chart, the debt ceiling has been raised 89 times since 1959 in an effort to keep pace with federal spending. Sheldon H. Jacobson, Opinion Contributor for “The Hill” believes, “Moving the debt ceiling higher merely “kicks the can down the road” until the newly established debt ceiling is…

Read more »

Newsweek: The Greatest National Security Threat No One Is Talking About

On September 1, 2022, distinguished co-authors Admiral Bill Owens, Former Comptroller General of the United States David M. Walker, and Dr. Barry Poulson shared their concerns about the effects of high and rising debt.  “Mounting debt burdens are having an impact on our national security,” they said. “Larger deficits have caused investors to demand ever-higher…

Read more »