Deficits news, articles and information:

How the federal debt went from $1 trillion to $18 trillion in 33 years

12/9/2014 - (By David Stockman, from DavidStockmansContraCorner.com) In the great fiscal scheme of things, October 22, 1981 seems like only yesterday. That's the day the US public debt crossed the $1 trillion mark for the first time. It had taken the nation 74,984 days to get there (205 years). What prompts this...

Obama earns 'F' in math with delusional claim that he cut deficits by more than half

12/1/2013 - There goes that Barack Obama again, saying goofy, foolish things that only his mother and most ardent supporters would believe. This whopper is as big as "if you like your [healthcare] plan, you can keep it," and, in the long run, will be just as destructive to our country. In comments recently...

It's official: Obama ran trillion-dollar deficits four years in a row

8/27/2013 - He certainly isn't the only president in U.S. history to run trillion-dollar deficits, but he is the first to run as many in a row. It's official now: Barack Obama is head of the most profligate spending government ever. In a recent disclosure of updated historical budget data for the federal government,...

Why state budget deficits are self-inflicted delusions: Here's how any U.S. state could become a wellspring of riches almost overnight

11/28/2012 - State budget deficits are self-inflicted delusions. Any state in the USA could almost instantly eliminate all budget deficits and start rolling in billions of dollars in state revenues by embracing freedom for farmers, holistic health practitioners and other groups (see below). All that's needed...

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