…disorienting, gimmicky refusal by these pols—Ryan and Romney, in particular—to acknowledge that raising revenue through taxes reduces the government’s budget deficit and debt; that lowered tax rates in the last…

…high and rising fast. Interest payments on the debt—“over $90 billion” in 1981—were just shy of $200 billion in Reagan’s last year in office. Using more relevant measures, real debt…

…Bush and Reagan: In his first two years in office (2003 debt amount less 2001 debt amount), Bush increased the national debt by more than all the presidents from Washington…

by Bruce Webb Don’t step in the Voodoo. Leap in U.S. debt hits taxpayers with 12% more red ink Yhe latest increase raises federal obligations to a record $546,668 per…

…beneficiaries exceeded what could have been financed with the revenue they contributed. This difference is what we call the legacy debt. Without this debt—that is, if earlier cohorts had received…

…we visit the Treasury’s Debt to the Penny we can see the following totals: Debt held by the Public $6.4 trillion Intragovernment holdings $4.2 trillion Total $10.6 trillion Okay that…

…government debt (especially over 90% of gross domestic product) is bad for growth was published in 2010 by Carmen Reinhart and Kenneth Rogoff, “Growth in a Time of Debt” (ungated…

…given recent decades, but…), inflation increases nominal incomes without increasing nominal expenditures for existing debt service. (Yes, with some exceptions for inflation-indexed debt contracts.) Deflation, the reverse. Nominal debt-service expenditures…

…just 5 years, and there is no sign of debt levels increasing even now. A similarly dramatic reversal appears when we measure household (and business) debt against GDP: Household, business,…

…Not absurd? Not a guarantee of global economic collapse and immediate major increase in the Treasury debt needed to pay off current debt that Trump was agreeing to pay off…