National Debt Archives - Page 2 of 2

CBO: America May Default by Summer If Debt Ceiling Deal Not Reached

The Congressional Budget Office (CBO) has warned that America could default on its debt sometime over the summer. CBO Director Phillip L. Swagel warned that the federal government's borrowing power will be severely blunted if President Joe Biden and House Republicans don’t agree on the debt ceiling soon. “If the…

Kevin McCarthy Schools Reporter on National Debt after First Meeting with Biden

As the corporate media refuses to admit that Joe Biden and the Democrats have promoted reckless economic policies, Republican House Speaker Kevin McCarthy (R-CA) masterfully schooled a leftist reporter on the national debt after his first meeting with the president. On Wednesday, McCarthy had his first meeting as speaker at…

Republican Senators Push Back against Biden’s Debt Ceiling Increase: ‘Our Nation’s Fiscal Policy Is a Disaster’

Several Republican senators have warned Democrat President Joe Biden that they will not vote to raise America's debt ceiling. Two dozen GOP senators have signed a letter to Biden demanding action is taken to address the nation's spending problem. The 24 Republicans conveyed their "outright opposition to a debt-ceiling hike…

Rand Paul Shreds Biden & Democrats with Reworking of ‘Twas the Night Before Christmas’

Republican Senator Rand Paul (R-KY) has taken shots at President Joe Biden and the Democrats by reworking the classic poem "Twas the Night Before Christmas" to shred the massive omnibus spending bill. Paul posted a video to social media to deliver his own version of Clement C. Moore’s classic poem…

Elon Musk Warns Pelosi and McConnell against ‘Railroading Through a Giant Spending Bill’ That’s Not in the ‘Best Interests of the People’

Twitter CEO Elon Musk has warned congressional leaders against "railroading through a giant spending bill" that's "unlikely to be in the best interests of the people." Musk sent the warning to Speaker Nancy Pelosi (D-CA), Senate GOP Leader Mitch McConnell (R-KY), and Sen. Chuck Schumer (D-NY) as Congress pushes through…

$1.7 Trillion Spending Bill Packed with Taxpayer-Funded ‘Woke’ Handouts

As the massive $1.7 trillion "omnibus" spending bill is rushed through Congress, much of the staggering amount of taxpayer-funded handouts to radical-Left "woke" causes are being overlooked. Included in the package is millions of dollars in funding for diversity, equity, and inclusion (DEI) and LGBTQ initiatives. The bill was released…

Biden’s Budget Raises GDP Outlook, Trims Inflation, Increases National Debt

Democrat President Joe Biden's administration has just published its 2023 $5.8 trillion federal budget. In the proposed budget, the Biden admin published inflation, GDP, and deficit forecasts for the next ten years. According to the White House, the consumer price index is projected to clock in at 4.7 percent this…