The $40 Trillion Hole

As National Debt Surges Past $40T, Washington Shrugs

Washington just watched the national debt blow past $40 trillion and largely responded with a shrug. Once a bipartisan obsession that toppled political careers and drove painful budget deals, the New York Times reports that the red ink now gets routine statements from both parties before attention swings back to...

Gary Franks: Blame dysfunctional parenting for $40 trillion debt

One could truly say that when it comes to spoiling Americans, the Democrats and the Republicans both rush to outdo the other as in a dysfunctional family. They are like bad parents who are competing for a child's love. The…

Truths and Omissions as U.S. Hits $40 Trillion in Debt

U.S. national debt hits $40T; bipartisan spending and tax issues fuel growing fiscal crisis.

Truths and omissions as U.S. hits $40T in debt

The U.S. national debt just crossed the $40 trillion threshold, doubling in less than a decade. Washington politicians have responded with their favorite fiscal game: blaming the other party. Democrats say Republican tax cuts are the culprit. Republicans say Democratic spending is the root cause. But both parties are responsible, with both hiding behind a […]

The $40 Trillion Hole

US national debt hits $40 trillion, sparking debate over causes and fiscal consequences.

Contributor: Republicans and Democrats are playing the blame game as the national debt explodes

Unfunded Social Security and Medicare promises are a standing commitment to more debt and future inflation.