The National Debt Crisis

The Debt Graph below is a striking visual depiction of the growth in our National Debt in recent years.  It’s impossible to look at this National Debt Graph without coming to the conclusion that our federal debt is in an explosive growth phase. Read the rest of this entry »

Do you know what the Total USA Debt is?  We often speak in terms of the National Debt, which is the amount of money the government has already borrowed.  But a recent analysis by “USA TODAY” went farther than that.

This analysis by “USA TODAY” used federal data to calculate Total USA Debt, including not only the federal government debt of the United States, but also future government obligations such as Medicare, Social Security and military pensions.  Read the rest of this entry »

The National Debt History of the United States is a long and storied history.  In fact, the United States has had a national debt virtually every year of its existence as a nation, beginning with the money borrowed to finance the Revolutionary War.   Shortly after the ratification of the U.S. Constitution, the national government debt was reported as $75 million. 

There has really been only one brief period in the National Debt History when the government debt was totally eliminated.  Read the rest of this entry »