2 results for 'credit crisis'
...of $380 billion on revenues of $1.10 trillion and expenses of $1.48 trillion. Since the beginning of its current fiscal year, the government has been spending 34% more than what it takes in.
The U.S. national debt, which has now surpassed $17.0 trillion, has skyrocketed since the Credit Crisis of 2008.
There are two important facts about our rising national debt that don’t get a lot of mainstream attention (and I certainly don’t hear the politicians talking about them):
Point #1: With higher national debt comes higher interest payments.
Point #2: Interest ... (more)
The solution to the spiraling American national debt crisis is quite simple. Instead of the government printing money they don’t have, they should allow us, citizens, to print money directly. This ingenious policy has three advantages over our current, post-financial-crisis, system:
First, if individuals are only allowed to print physical money, they can’t print it faster than the government, so the overall increase of national debt will cool down.
Second, as the money will be in our hands, we will consume more, which will help refuel the struggling economy (after all, how many... (more)
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