National Debt

How bad is our national debt getting right now? State Senator Tom McGillvray (R-Billings) summed it up well ahead of a big event taking place Monday night in Billings.

Mike McCormick joined the conversation in the second half hour and we asked Mike how he’d advise the Mega Millions Lottery winner on what to do with the cash.

Mike takes on an explanation of National Debt vs. Deficits. Shane weighed in on why trade works in a capitalist country like the USA.

The Stock Market loses over 1,000 points in a week. What does that mean to you? A lot — if you have a 401(k) or pension plan.

The Highway Trust Fund, along with the Transit Trust Fund, is pretty well bankrupt. Imagine that, Congress not being able to manage money.

Everyone seems to look to government to solve the problem of lack of jobs. It’s like expecting the fox to bring back the chickens.

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.

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.

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. The President just spends all his time blaming the Republicans for the shape were in as a country...

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