No Picture
Money

The Debt

Our debt right now is about $16.5 trillion. Projections of the current budget and extrapolations of the administration’s programs bring the debt to $20 trillion in five years. This assumes the GDP remains at 4% […]
No Picture
Economists

Our Debt Situation is Worse Than Greece

The Greek economy is in free fall. The “austerity measures” there have driven unemployment above 20%, and the future looks bleak. The reason is their national debt-to-GDP ratio is 130%. How does the U.S. compare? […]