PRESIDENTS' DAY 2020. THE LEGACY OF US NATIONAL DEBT

The national debt stands at $22.72 trillion as of Sept. 30, 2019. This enormous bill didn’t come from nowhere, and it’s safe to say that the U.S. will likely continue borrowing money in the foreseeable future. So, how worried should Americans be about the national debt? There’s not a lot of agreement across the political […]

THE CLINTON CURSE: SLAYING THE DRAGON OF DEBT

1997 Balanced Budget and Taxpayer Relief Act SUMMARY: The Balanced Budget Act of 1997 (a spending bill) and the Taxpayer Relief Act of 1997 (a tax bill) legislated the elimination of the annual budget deficit by 2002. Both bills were passed by Congress by large bipartisan majorities and signed into law by President Clinton prior […]