-
How Your Tax Money Is Spent
Monday, April 14, 2014 - 4:41pm | 127Read More...Who takes the biggest cut of our tax money? The military, according to an infographic from the National Priorities Project. The average tax payer in the United States paid $11,715 in taxes in 2013, the research organization says. Each person gave about $3,174.25 for the military, which includes $...
-
U.S. National Debt Is Equal To $53,000 Per American
Friday, March 7, 2014 - 1:11pm | 194Read More...United States national debt has exceeded $17 trillion, and two-thirds of the that is owed to the public, businesses and foreign governments, according to an infographic from accounting-degree.org. The infographic tries to put the national debt (a number difficult for some to fathom) into...
-
10 Things Most People Don't Know About The Debt Ceiling
Thursday, February 13, 2014 - 4:41pm | 1082Read More...With the Senate's recent approval of the House-passed clean debt limit legislation, now might be a good time to define the debt ceiling (aka “debt limit”). The U.S. Treasury defines the debt limit as “the total amount of money that the United States government is authorized to borrow to meet...
-
THE NATIONAL DEBT: How to Cut the Debt and Resume Economic Growth
Wednesday, August 31, 2011 - 12:03pm | 692Read More...Consider these questions: How long will foreigners be funding our debt? Will the massive debt stifle future growth? How much is too much debt? According to Carmen M. Reinhart and Kenneth S. Rogoff in The 90% Rule (Bloomberg Businessweek, July 18-24, 2011) international research suggests that...
