Tag Archives: federal debt

CBO Says Financial Crisis Likely

The Congressional Budget Office released its 2013 long-term budget outlook on Tuesday, stating that “a large and continually growing federal debt …would increase the probability of a fiscal crisis for the United States.” The report says under current laws and … Continue reading

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Michele Bachmann – How Can Debt Remain at Same Level for Months?

Rep. Michele Bachmann (R-Minn.) on Wednesday night said the Treasury Department is lying to Americans about the size of the federal debt since it has not changed significantly for the last few months even though the government continues to borrow. … Continue reading

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During Obama’s First Term Debt Increases $5.8 Trillion

During Barack Obama‚Äôs first term as president of the United States, the debt of the federal government increased by $5.8 trillion, which exceeds the combined debt accumulated under all presidents from George Washington through Bill Clinton. The new federal debt … Continue reading

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