National Debt Archives

Rand Paul Releases Annual ‘Festivus Report’ Exposing $1 Trillion in Government Waste

Republican Senator Rand Paul (R-KY) is continuing his Christmas tradition of exposing the federal government's wasteful taxpayer money spending. The Republican's annual "Festivus Report" tallied up $1 trillion in spending on questionable projects across the federal government. The wasteful spending comes as America's national debt continues soaring ever higher. The…

Elon Musk Raises Alarm over America’s Massive National Debt

Incoming Trump administration official Elon Musk is raising the alarm about America's staggering national debt. Musk said he's concerned that many people are unaware of America's gargantuan, ever-expanding national debt. "A significant % of people don’t even know that there is such a thing as a national debt!" Musk declared…

Wall Street Overrules Biden Admin as Fitch Downgrades US Credit Rating

Democrat President Joe Biden's "Bidenomics" just dealt a huge blow to the American people as a major credit ratings agency issued a downgrade for the United States. Ratings agency Fitch downgraded the U.S. government’s top credit rating to AA+ from AAA. The move comes in response to an expected fiscal…

IMF Suggests Countries Will Be Able to Use Chinese Yuan for Debt Repayment

The International Monetary Fund (IMF) has suggested that it may accept the Chinese Yuan as a currency for countries to pay their debts. The hint at changing the currency for settling obligations with the IMF comes following Argentina’s recent debt repayment in yuan. IMF spokesperson Julie Kozack confirmed on Thursday…

Nancy Mace Voting ‘No’ on Debt Ceiling Deal: ‘Republicans Got Outsmarted by a President Who Can’t Find His Pants’

Republican Rep. Nancy Mace (R-SC) has revealed that she will be voting "no" on the deal between House Speaker Kevin McCarthy (R-CA) and Democrat President Joe Biden to raise the debt ceiling. Mace argues that Republicans were duped by the agreement and warns that the deal would normalize high spending.…

Democrats Outraged as Biden Botches Debt Ceiling Negotiations: ‘Never Seen Anything Like It’

Democrats have been blasting Joe Biden as the president appears to be botching negotiations with Republicans regarding the possibility of raising the debt ceiling. Biden and Republican House Speaker Kevin McCarthy (R-CA) have yet to reach an agreement on raising the debt ceiling, despite ongoing talks. However, McCarthy did indicate…

Biden Threatens to Raise Debt Ceiling Using 14th Amendment without GOP Support

President Joe Biden has claimed that he can use the 14th Amendment to raise the debt ceiling if Republicans refuse to agree to the plan. Biden made the threat during a Sunday press conference at the Group of Seven (G-7) summit in Hiroshima, Japan. “I’m looking at the 14th Amendment…

Biden Claims He’s ‘Blameless’ If America Defaults on Debt: ‘I’ve Done My Part’

Democrat President Joe Biden has declared that he would be "blameless" in the catastrophic event that the United States defaults on the national debt. Defaulting on the debt in the coming days is becoming increasingly likely, an event that would be devastating to the U.S. economy. However, Biden claims that…

Janet Yellen Warns Catastrophic Default Will Trigger ‘Unprecedented Economic and Financial Storm’

Democrat President Joe Biden's Treasury Department Secretary Janet Yellen has warned that “time is running out” for America to avoid a catastrophic default on the national debt. Yellen is urging Congress to lift the debt ceiling to avert a default, which she warns would be devastating for the economy. According…

Biden’s Top Economic Advisor Admits Biggest Fear Among U.S Business Leaders Is ‘Catastrophic’ Debt Default

One of President Joe Biden's top economic advisors has admitted that American business leaders are becoming increasingly fearful that the federal government will default on the U.S. national debt. Lael Brainard, director of the White House National Economic Council, said Sunday that U.S. business leaders’ chief concern is the looming…