Rocky Mountain Voice

Tag: National Debt

Musk rips House-passed ‘Big Beautiful Bill’: “Disgusting abomination”
Approved, Daily Wire, National

Musk rips House-passed ‘Big Beautiful Bill’: “Disgusting abomination”

By Daniel Chaitin | Daily Wire "Shame on those who voted for it." On Tuesday, tech billionaire Elon Musk unleashed his ire at the House-passed version of the “One Big, Beautiful Bill,” which has the blessing of his former boss, President Donald Trump. The massive bill, which is now being considered by the Republican-led Senate, contains many provisions in line with Trump’s second-term agenda, but also is estimated to add trillions of dollars to the national debt, already nearing $37 trillion. “I’m sorry, but I just can’t stand it anymore,” Musk said in a post on X. “This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination. Shame on those who voted for it: you know you did wrong. You know it.” He added in another post, “It...
Hillman: National debt is silent threat to America’s security
Approved, Commentary, Mark Hillman

Hillman: National debt is silent threat to America’s security

By Mark Hillman | Commentary, MarkHillman.com With the election mercifully behind us, Americans should expect those we’ve elected to get to the less-pleasant task of governing responsibly.  While hot-button issues such as immigration, inflation and foreign affairs will garner most headlines, a more pressing concern is too often overlooked: America’s staggering national debt. Growing faster than the economy and projected to reach a record share of gross domestic product (GDP) within three years, our debt is a national crisis.  If we continue down the current unsustainable path, we are flirting with catastrophe that would dwarf the Great Recession of 2007-2009. Our next Congress and President must confront this challenge before it is too late. READ THE FULL COMMENTARY A...
U.S. national debt hits a record $36 trillion under Biden, and still growing
Approved, Fox Business, National

U.S. national debt hits a record $36 trillion under Biden, and still growing

By Eric Revell  | Fox Business The U.S. national debt surpassed $36 trillion for the first time in the nation's history on Friday as the federal government continues to accumulate debt at a record-setting pace. New data from the Treasury Department released Friday afternoon showed that the gross national debt hit $36,034,994,586,981.97. The $36 trillion debt milestone comes just months after the U.S. eclipsed the $35 trillion mark in late July 2024. The national debt has passed other trillion-dollar milestones in the past year, as the $34 trillion mark was reached in early January 2024 and the $33 trillion threshold in September 2023. By comparison, the national debt hovered around $907 billion just four decades ago. READ THE FULL STORY AT FOX BUSINESS
As debt tops $35 trillion and deficit reaches $1.5 trillion, critics ask where’s the debt plan?
The Center Square, Approved, National

As debt tops $35 trillion and deficit reaches $1.5 trillion, critics ask where’s the debt plan?

By Casey Harper | The Center Square The federal deficit so far this fiscal year has already hit $1.5 trillion, the U.S. Treasury Department reported in its monthly fiscal update. The federal data comes just days after the national debt surpassed $35 trillion, an unprecedented figure that worries economists and budget analysts. For now, though, neither Republicans nor Democrats have prioritized getting the deficit under control or showed unity in putting a plan forward to do so. READ THE FULL STORY AT THE CENTER SQUARE
Jeffrey: Joe Biden Is The $7 Trillion Dollar Man
Approved, Commentary, National, The Daily Caller

Jeffrey: Joe Biden Is The $7 Trillion Dollar Man

By TERENCE P. JEFFREY | Commentary, The Daily Caller Since President Joe Biden was inaugurated, the federal debt has increased by more than $7 trillion. On Jan. 20, 2021, the day of Biden’s inauguration, it was $27,751,896,236,414.77, according to data published by the U.S. Treasury Department. As of this Fourth of July, it was $34,847,568,990,054.13. That is an increase of $7,095,672,753,639.36 — in less than four years. No other president has increased the debt that much between his inauguration and the Fourth of July in his fourth year in office. READ THE FULL COMMENTARY AT THE DAILY CALLER Editor's note: Opinions expressed in commentary pieces are those of the author and do not necessarily reflect the opinions of the management of the Rocky Mou...