National Debt News

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US Approaching Debt Ceiling [VIDEO]

White House: Obama Regrets Vote Against Raising Debt Limit

WASHINGTON -- The White House says President Barack Obama regrets his vote as a senator in 2006 against raising the debt limit. A fight over raising the debt limit is looming, and the White House is trying to explain away the apparent contradiction between Obama's previous opposition, and his position now that it must be...

Opinion: A Modest Deficit-Cutting Proposal

Doesn't matter which side of the budget battleground you stick your rhetorical bayonet in, one thing we can all agree on is ... our government is broke. Broke. Broke. Broke. Broke. Broke. Broke. Broke. Stone broke. Like a ceramic pocket watch in a gravel blender broke. Destitute. Down and out. Indigent. Flat busted. Hard...

Opinion: Who Has the Courage to Lead on Spending Cuts?

Last week's release of President Barack Obama's budget left many Americans scratching their heads. They'd made clear their demands for a dramatic change in Washington's overspending ways; they'd also made clear their expectation for President Obama to lead in that charge. And certainly, the president fueled that...

Opinion: This Is No Way to Win the Future

In his State of the Union address delivered just a few weeks ago, President Barack Obama pushed the banal conceit of "winning the future." To great partisan applause, the president channeled the reality show "Survivor" (slogan: "Outwit, Outplay, Outlast") and proclaimed that the United States needs to "out-innovate,...

National Debt News From the Web

05/31/12 Letter: Facts on national debt Source: Independent-Mail - Anderson SC Republicans are very fond of accusing Democrats of being responsible for the spiraling U.S. debt.
05/16/12 Mitt Romney's Plan to Woo 50 StatesâOne Local,... Source: Vanity Fair Mitt Romney visited Des Moines earlier this week and warned that a "prairie fire of debt sweeping across Iowa and our nation."
05/16/12 Is Obama responsible for a $5 trillion increase in the... Source: The Washington Post - Washington DC "When you add up his policies, this President has increased the national debt by five trillion dollars."
06/29/11 National Debt: CNBC Explains Source: CNBC Anyone who has taken out a car loan or bought a house with a mortgage has taken on debt.
04/15/11 Reform alliance says MOF s Debt Clock inaccurate Source: Taipei Times The Alliance for Fair Tax Reform () yesterday said the nation's debt actually amounted to NT$919,000 (US$31,365) per person as of the end of last month, not NT$209,000 per person as cited by the Ministry of Finance (MOF).