There are a lot of financial time bombs that the U.S. government, and state governments, have created.
Right now, the United States is officially $20 trillion in debt.
No one really cares about the U.S. federal debt," remarked a colleague and Economic Prism reader earlier in the week. "You keep writing about it as if anyone gives a lick."
It's like a credit limit on your credit card, but one which the borrower (the US government) gets to set for itself.
The largest threat to our prosperity is government spending that far exceeds the authority enumerated in Article 1, Section 8 of the U.S. Constitution.
Traficant Speech March 17th 1993
When will America finally wake up? The borrower is the servant of the lender, and we now have a colossal 20 trillion dollar chain around our collective ankles.
(CNSNews.com) - The federal debt officially surpassed $20 trillion for the first time on Friday, as the debt subject to the legal limit set by Congress jumped $317,645,000,000 in one day--following President Donald Trump's signing of a spending-and-d
Kentucky Sen. Rand Paul is unveiling a blueprint to divert unspent foreign aid to cover hurricane relief and cleanup costs, an "America First" proposal to spend U.S. taxpayer money where it is needed most, Secrets has learned..
President Trump and Senate Minority Leader Charles E. Schumer (D-N.Y.) have agreed to pursue a deal that would permanently remove the requirement that Congress repeatedly raise the debt ceiling, three people familiar with the decision said.
Russians are concerned about Washington's arbitrary closing of their San Francisco consulate and the illegal searching of diplomatic properties. There is no question that Washington has violated diplomatic protections and international law.
Politico reports that President Donald Trump suggested to congressional leaders on Wednesday morning that votes to raise the debt ceiling could be done away with altogether, according to three people familiar with the conversation.
To download these notes in a handy PDF, CLICK HERE.
It appears President Trump has found a new ally in Congress:
With Hurricane Irma expected to make landfall in Florida sometime on Sunday according to the latest NHC forecast, investor attention is shifting to Catastrophe Bonds, which at least in some cases already, have lost as much as 50% of value in the past