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News
Economist Warns America's $40 Trillion Debt Is 'Stealing From Our Next Generation': 'We're Basically Taking $2 Trillion From Our Future"
1+ week, 3+ day ago (440+ words) The U.S. national debt surpassed $40 trillion, and economist Michael A. Peterson warned that the growing debt burden is effectively "stealing from our next generation." Debt Burden Extends to Future Generations Peterson said the federal government is effectively borrowing from the future by…...
Rick Scott Warns $3 Billion Daily Debt Interest Is 'Unsustainable,' Says America Must 'Balance the Budget' and Cut Spending
3+ week, 1+ hour ago (367+ words) Sen. Rick Scott (R-Fla.) warned that the U.S. government's $40 trillion debt burden has become unsustainable, pointing to roughly $3 billion in daily interest costs and urging Congress to rein in federal spending. Scott Warns of $3 Billion Daily Interest On Saturday, in a…...