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United States Government Now Has Less Than Two Months to Raise the National Debt Ceiling to Avoid Bankruptcy

United States Government Now Has Less Than Two Months to Raise the National Debt Ceiling to Avoid Bankruptcy

WITH every passing day, the national debt of the United States Government continues to grow. The current level of debt the United States Government owes stands at over $16.24 trillion. President Obama, during his 2008 campaign, criticized former President Bush for allowing the national debt to grow to $11 trillion,…

What Could be Bought Using the American National Debt?

What Could be Bought Using the American National Debt?

The current level of American national debt is $15.8 Trillion and rising. This equates to an average of $51,000 of debt per American citizen. To put this level of debt into perspective, the average American income is $49,777. Internationally, government debt has become an increasing burden for millions and millions…