Archive of posts tagged trajectory

Treasury: U.S. Borrowing Over 100% of GDP After Debt Ceiling Increase

The debt ceiling increase has helped raise our borrowing over 100% of GDP for the first time since 1947! “The last time US debt topped the size of its annual economy was in 1947 just after World War II. By 1981 it had fallen to 32.5 percent.” We are now borrowing $14.58 trillion, with a …

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Boehner Ends Dead-End Debt Limit Talks With Tax-Hungry Obama

Obama and most of the Democrats are not honestly in favor of lowering the debt. They do want to raise the debt ceiling and jack up taxes to feed their out-of-control spending, impose more and more job-killing regulations to further damage the economy, and increase the size of the government to try and make us …

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