Category: fox-news/fox-news-columns/fox-news-growing-the-debt

Who added more to the national debt, Biden or Trump?

With great fanfare and lacking in any context or anything beyond linear thinking, The Hill recently published an article entitled “Trump Added Twice as Much to the National Debt as Biden.”  The article was based on a recent study by the Committee for a Responsible Budget that compared the fiscal records of the two presidents. The comparison was not based on what has actually been observable, but on the Congressional Budget Office’s own…

Rising national debt to reduce Americans’ income growth: report

The fast-growing national debt is on pace to reduce the growth in American households’ incomes in the decades ahead if the debt isn’t stabilized, according to a new report. An analysis by the nonpartisan Congressional Budget Office (CBO) found the rising national debt will slow economic growth and suppress the growth of Americans’ household income over time. It looked at scenarios with the size of…

Hedge fund billionaire says US debt ‘is a growing concern that cannot be overlooked’

Citadel founder and CEO Ken Griffin sounded the alarm about the growing U.S. national debt in his annual letter to investors in his hedge fund that was published Monday. Griffin pointed to recent projections by the nonpartisan Congressional Budget Office (CBO) that show the national debt rising to historic levels due to higher spending on interest to service the debt, while annual budget deficits are…