national debt Archives - Page 2 of 3

Data Point – National Debt and Biden’s Budget Proposal

March 28, 2023 Skip

As of March 8 of this year, which is the latest date currently reported by the U.S. Treasury, the total federal debt was $31.459 trillion. In his budget—which proposes increasing the debt to $50.712 trillion over the next ten years—Biden emphasizes his commitment to fiscal responsibility. (H/T: CNSNews)

So Now We Have Bruce Currie’s Answer to My Question: Whose Money Is It FIRST?

February 13, 2023 Skip

Before he got banned for turning into a troll, Bruce Currie (a Bernie-Bro) used to be part of the ‘Grok commenters. I gave him credit for constantly standing up for his Progressive replies but it was clear that he wasn’t going to go that “last step” and answer one of my principle questions when confronting … Read more

Skip’s Sauntering Snippets – Installment #20 – National Debt

January 22, 2023 Skip

On Jan 19, the US reached it’s national debt ceiling (once again). All you hear from the Democrats (and some Republicans) is that we have to raise it to borrow more money to “protect the full faith and credit of the United States” in paying our bills. And ONLY once, in 2011, was something done … Read more

PAYNE: Generational Theft Machine

December 6, 2025October 1, 2022 Russ Payne

Deficit spending and inflation are a tool by the government to freely spend while simultaneously eroding our wealth. Did you know the Constitution protects us from this tactic initiated through the Federal Reserve (FED) in 1913? Sole power over money is given to Congress in Article I, section 8: “To coin money, regulate the value … Read more

Well, It Only Took 15 Years But I’m Finally Right About The National Debt – A Spiral Is About To Happen?

July 2, 2022July 2, 2022 Skip

When a nation’s citizens and its leaders decide that money is no object, money will have no value. For YEARS, while on my town’s Budget Committee, that which cannot be sustained, won’t. Stop taking the “free money” and start being self-sufficient – priorities will sharpen and the “strings attached syndrome” will go away (in which “free” becomes “we will pay MORE over the years for taking the free money than what the free money was worth”.

Notable Quote – Has the Financial Doomday I’ve Warned about for Years Finally Here?

May 11, 2022May 10, 2022 Skip

…Most fiscal conservatives are not surprised that the left-wing imbeciles in the White House and the Capitol Building are running up massive quantities of debt and burdening the American taxpayer excessively with the government’s bills.

‘We the People’ Are the New, Permanent Underclass in America

April 13, 2022 Op-Ed

This is financial tyranny.

The U.S. government—and that includes the current administration—is spending money it doesn’t have on programs it can’t afford, and “we the taxpayers” are the ones who must foot the bill for the government’s fiscal insanity.

Reminder: Jeanne Shaheen Has Tripled the National Debt

September 6, 2021September 6, 2021 Steve MacDonald

Back in 2008, a national debt of 10 trillion was a disaster and an embarrassment. Irresponsible. Democrats had a lot of words for it. Jeanne Shaheen did as well. And she won a job in the US Senate that year. She’s still there, and that debt has tripled.

Woke Culture’s Marxist Roots

May 3, 2021April 17, 2021 Op-Ed

Hey, all right? I’m NOT! It’s clear to me that the “woke culture” movement was born in Marxism and is pushing our country to Marxist totalitarianism!

Data Point – At what point does the rest of the financial world go “no mas”?

September 19, 2020September 19, 2020 Skip

The US Dollar is the currency of the world and has been for quite some time. Thus far, it has maintained that status even as our rivals (the EU to a degree; Russia and especially China) have tried a number of schemes to usurp that status. But as the US continues to borrow more and … Read more

Data Point – What is not sustainable WON’T continue. How long can THIS go on?

September 4, 2020 Skip

The federal government set records for the amount of money it spent and the size of the deficit it ran up in the first ten months of fiscal 2020 (October through July), according to data released today in the Monthly Treasury Statement.

Uh-Oh: If True, This Will Make our Current Economy Look Rather Rosy

August 3, 2020August 3, 2020 Skip

And so it finally begins? Emphasis mine, reformatted: ‘U.S. Gets a Debt Warning From Fitch as Stimulus Battle Rages.’ (Bloomberg) One of the world’s major credit-rating companies fired a warning shot regarding the U.S.’s worsening public finances on Friday…

Data Point: A reminder: “we’ve run out of money”

July 15, 2020July 15, 2020 Skip

We’ve run out of money. Well, not quite, but we are the brokest nation in the world’s history and the Government “smaht” people haven’t learned the lesson of that old Fram Oil commercial:

ICYMI: Borrowing Trillions to Bail Out States’ Bad Decisions Would Do More Harm Than Good

May 16, 2020 Op-Ed

As our nation grapples with the reality of COVID-19, we must come to grips with another devastating threat — our national debt.

Notable Quote – George Will

February 23, 2020February 23, 2020 Skip

The political class has prospered by hiding from the public the cost of the public’s appetites. By making vast deficit spending not an occasional counter-cyclical recourse but a constant governing strategy, it has made big government deceptively cheap, giving today’s public a dollar’s worth of goods and services and charging them only about 80 cents. … Read more

And the Republican 2020 Presidential Primary is……….still down to one.

November 12, 2019November 12, 2019 Skip

Yeah, a bit of clickbait there but let’s get real – there’s really only Trump. Mark Sanford, Bill Weld…and what’s that other guy’s name? Oh yeah, Joe “you lie” Walsh. Three minus one is still one.

Congress kicks the can again, but is about to run out of road

August 21, 2019 Op-Ed

By Ross Connolly Congress was set to face a moment of reckoning in September. After years of reckless spending, the government would once again come up against the debt ceiling, meaning the country could no longer borrow to pay for out-of-control expenditures. This could have been a moment to begin getting serious about our mushrooming … Read more

Honest Talk About Abortion

February 8, 2019

Current events Democrats want to you to believe they care for children and they stand for protection of American children. For example, they claim they will protect your children from the evils of trans fats, okay. They claim they would protect your children from gay conversion therapy, okay. But somehow, they don’t care if doctors … Read more

Well, given the performance of the former NH Congressmen, can’t say I blame him

September 26, 2018May 23, 2013 Skip

By that, we supposedly put two Republican mens’ butts into US House Representatives chairs with one and only one main major mission – cut the spending. Each time a Continuing Resolution showed up that could have stopped the national madness that has been adding to the National debt, they folded on their promises and folded on the courageous vote to stand athwart the gunnels of our sinking financial ship and scream “No further!”.

True, the Senate never passed a budget – but now they are crafting one. Yet, have Republicans learned their lesson about the debt ceiling? McCain is trotting out the “Trust us, we’re Republicans!” and being emphatic that Republicans will deal honestly with Democrats over the Budget. Been there, done that, see above. Maybe Establishment Republicans believe that no R can do no wrong (after all, Gene Chandler set the policy here in NH “Any Republican that helps us regain power is a good Republican“). We cannot agree with McCain. We at the ‘Grok believe that Trust is first earned – it HAS to be earned for if it is merely given, it will be first be taken advantage of and then abused. It takes very little to lose earned Trust – to maintain Trust demands Consistency within Principles – not an attitude that “something must be or has to be done”. It is that latter ‘tude that has given us our $16 Trillion deficit. How’s that gonna work out for our kids’ children, eh?

US Senator Ted Cruz (R-AZ) has it exactly right (emphasis mine):

Read more

Lunatics? To NOT spend more than what the US can repay?

September 26, 2018January 5, 2013 Skip

$16 Trillion for our national debt. A whole ton of money, which I’m not entirely sure that IF (and that is a mighty BIG IF) our CongressCritters and President were truly serious about our financial affairs, we could pay back in any kind of reasonable time frame. But actions to date have proven that Obama is continuing his policy of Determined Weakness, other Progressives are hoping for a Cloward-Pivens moment, and Establishment Republicans continue to be “Appropriators” (that is, people who figure out how to spend other peoples’s monies). The only folks that seem to be extremely serious (and scared out of their gourds) are TEA Party type ConcressCritters who realize that a 2% change in interest rates on our debt could Greece look like a lawn party.

So, who is the lunatic here? I’ll side with Rick Santelli (emphasis mine):

The analyst said that the only obstacle he sees to the continued expansion of the U.S. economy were “lunatic Republicans” who may bring about an “insane technical default” when they attempt to negotiate spending cuts as part of a deal to increase the debt ceiling limit.

“That’s the worry here,” Evans concurred. “Will we have a self-inflicted wound – a gunshot to the head?”

Right, so forget HOW much is on the national credit card and the “lunatics” that say we need to say stop – we HAVE to keep spending !!!! These folks are all about paying what we have spent, and I’m ok with that. What is missing in their equation is the adult part of this – and here, Rick Santelli again lends himself to the “adult in the room” scenario that is absolutely missing here: