In April 2020, the nonpartisan Congressional Budget Office estimated that before the fiscal year ends Sept. 30, 2020, we will have added another $3.7 trillion to the debt. The long-feared upturn in U.S. national debt to care for retiring baby boomers is finally arriving. So far, 28 states have current resolutions. U.S. Attorney John Durham's criminal inquiry into the Russia investigation could disrupt the case against retired Lt. Gen. Michael Flynn, according to a top House Republican. According to the South China Morning Post, Hong Kong police are seeking to detain and charge six people, including one American, for breaching the city's new security law — specifically for the six's supposed incitement of secession and collusion with foreign powers. Rather than raise taxes, governments often issue debt in the form of bonds to raise money. Small businesses and other employers have to balance their books. California recorded the most coronavirus deaths in a single day Wednesday with 189, eclipsing the record 174 fatalities reported Tuesday. A California union forged an employee’s signature on a dues check-off form. Kindly, if for a price, Greer offers to train others in his "close encounters of the fifth kind" contact "protocols." One option, the TRUST Act, would create “rescue committees” for major endangered trust fund programs such as Social Security and Medicare. We recommended improvements to transparency through an authoritative Fiscal State of the Nation report and testimony from the Government Accountability Office. Dr. Steven Greer likes to suggest that he is in regular contact with extraterrestrials who are visiting Earth. It was necessary to compensate people for decisions made by their government and to prevent a costlier, long-term disaster.Even so, responding to an extraordinary crisis doesn’t mean Washington can continue spending money it doesn’t have.Running up the debt is intergenerational theft.
Obama’s stewardship of our national finances was truly obscene, but George W. Bush was nearly as bad. Also, studies show the negative impact on the economy of carrying this high a percentage of debt.Once we win the war against the coronavirus and reopen the American economy, we must take on the debt crisis in this country. Finally, we sought to replace the feckless debt limit with enforceable budget targets to reduce our debt-to-GDP ratio responsibly. Decreased ability to respond to problems 4. Please enable JavaScript and reload this page. And the actions of the Federal Reserve in response to the coronavirus crisis add up to some $4 trillion, according to the director of the National Economic Council, Larry Kudlow.Add it all up and the numbers don’t lie.
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