Federal Debt
topic on 2 shows · 7 statements across 6 episodes
7 statements about Federal Debt, every show
Rand Paul projects US will borrow $15 trillion over next decade
“We're going to borrow like 15 trillion dollars over the next 10 years.”
Parrish: Roaring Twenties tax revenues rose while debt fell despite lower tax rates
“The roaring twenties saw tax revenues remain stable or increase even as tax rates dropped, well, federal debt shrank considerably.”
Friedberg: US debt jumped $204 billion in one day to $35.7 trillion
“On the first day of the new fiscal year, federal debt jumped by two hundred and four billion dollars in one day. Federal debt now stands at 35.7 trillion dollars, and the biggest challenge we have in the year ahead is that 10 trillion of the outstanding debt c…”
Friedberg: US debt could reach $40 trillion by end of 2025
“Plus, the Biden administration has proposed a 7.2 trillion dollar budget for next year, which will inevitably lead to another two trillion dollars of deficit spending, which means that by the end of 2025, we could be staring at 40 trillion dollars of federal d…”
Friedberg: US is adding $1 trillion in federal debt every 100 days
“It took us 200 years as a country to add a trillion dollars to our Federal debt to go from zero to a trillion, and now we're adding a trillion every hundred days”
Friedberg: US federal debt is increasing by $1 trillion every 100 days
“We are increasing the federal debt by a trillion dollars every hundred days.”