‘Penny Plan’ Falls as National Debt Exceeds $21.5 Trillion

Rand Paul

by Bethany Blankley   The U.S. national debt exceeds $21.5 trillion. That’s almost quadruple the national debt when President George W. Bush first took office in 2001. Earlier this month, the U.S. Senate held a vote on Sen. Rand Paul’s Penny Plan, which would reduce federal government spending and implement…

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Commentary: Skyrocketing Debt Too Important to Be Paired With Spending Deal

US Capitol

by Justin Bogie   Two major issues that Congress will be forced to confront in the coming weeks and months are the debt limit and the future of the Budget Control Act discretionary spending caps. A report from The Hill indicates that negotiations are underway between Congress and the Trump…

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Commentary: National Debt Could Top $100 Trillion by 2037 Ff Congress Ignores Trump Budget

by Robert Romano   The national debt, now $22 trillion, grew by almost $1.5 trillion in 2018 as spending in Washington, D.C. continues to outpace the growth of the economy and revenues. Since 1980, the U.S. national debt has grown an average of 8.8 percent every fiscal year, but during…

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