The $12 trillion official U.S. debt is one twentieth of the total $222 trillion net-of-tax liabilities facing our country and which have placed our country
Tag: federal debt
Facts about the federal debt you may not know, but which all politicians do
2013 Recently the Director of the Congressional Budget Office made a presentation on the federal debt and deficit. Here are some of the slides he
Let’s keep raising taxes in perspective, the reality of deficits and debt
Congress’s Joint Tax Committee estimates that raising taxes on income over $250,000 ($200,000 if you’re single) will raise $823 billion over 10 years on a
A simple truth to remember on election day-reducing deficit and debt
“Higher taxes never reduce the deficit. Governments spend whatever they take in and then whatever they can get away with.” Milton Friedman Today’s policymakers see
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