National Debt

We’ve experienced recessions, depressions, housing slumps, gas lines, currency devaluation and more over the past 150 years. One doesn’t need a crystal ball to know that history will certainly repeat itself.

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Assuming online retailers could realize a nice 3% profit after expenses there would be a taxable income of $6.75 billion — hardly a national debt busting amount in a trillion dollar plus economy.

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We talk every morning about the massive debt my country has. How on earth are we EVER gonna pay off a $17 trillion debt. We can't. And the citizens of this country are ready to explode out of frustration

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We will never pay off a $16 trillion dollar debt. The good news is we don’t have to.

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If Bill Gates and I both buy our own private Gulf Stream jet planes, which of us will have the tougher time making the payments?

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Narrowly avoiding a national default on it's debts, the US Senate passed the raising of the debt ceiling in a 74-26 vote. The raising of the ceiling will be offset by $2.4 trillion in budget cuts. Where will these cuts come from?

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President Barack Obama said Sunday night that he and Congressional leaders had reached a debt deal that cuts trillions in federal spending. The debt ceiling plan was set to face a vote on Monday in hopes of enacting it before a Tuesday deadline, thus averting default, The New York Times reported.

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That's a big number, right? Let's round it off to $3.66 billion. What is that number?

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If you're like most people not involved with drug trafficking, you don't often actually see U.S. money with more than one or two zeroes on it, as in $50 or $100.

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