Tag: Balanced Budget Amendment
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$40 Trillion Debt is America’s Greatest Threat
by Jeff Crouere, ©2026 (Aug. 9, 2026) — The U.S. federal government is several weeks away from reaching a disturbing milestone, surpassing $40 trillion in debt. The U.S. Senate just left for recess after passing another stopgap spending bill with no offsetting cuts. This avoids a government shutdown before the midterm elections but does not slow gargantuan…
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Our National Debt is our National Disgrace
“AN UNMANAGEABLE BURDEN” by Jeff Crouere, ©2019 (Feb. 23, 2019) — In mid-February, our national debt reached $22 trillion, a new record for our country. Since President Trump took office in January of 2017, our debt has increased over $2 trillion. During the administration of President Obama, it increased from $10.6 trillion to $19.9 trillion.…
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What Is the Debt Ceiling and Where Did It Come From?
IS THE “CRISIS” ONE OF CONGRESS’S OWN MAKING? by Dwight Kehoe, ©2011, blogging at tpath.org (Jul. 30, 2011) — In 1917 Congress passed the Second Liberty Bond Act. This was the precursor of the Debt Limit. Why was this begun and has it had any effect on spending? The answer is, of course; it has…

