National debt news, articles and information:

Obama has doubled the national debt to $20 trillion in just 8 years

11/15/2015 - During his first presidential campaign in 2008, after becoming the Democratic presidential nominee, then-U.S. Sen. Barack Obama accused outgoing President George W. Bush of being "irresponsible" and "unpatriotic" regarding his stewardship over a rising national debt. "The problem that the...

US national debt is so bad now that the U.S. Treasury has simply stopped reporting it

4/7/2015 4:36:13 PM - "Officially," the U.S. national debt has frozen in time, though "unofficially" it continues to grow at a frenetic pace. What's going on? Did the federal government suddenly become fiscally responsible and we are no longer accumulating country-destroying debt? If you believe the U.S. Department...

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

12/9/2014 - (By David Stockman, from 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...

Head of GAO warns America is headed for financial ruin; national debt will bankrupt U.S. economy

10/31/2006 - The comptroller general of the United States says the nation is on the path to financial ruin unless the American public tells Washington to change its ways. David M. Walker, head of the General Accountability Office, or GAO, is the nation's top federal accountant. With the voting season now in full...

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