Moral Outrage
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Posts Tagged ‘stimulus

National debt equal to $125,475 per household

February 18, 2011

The federal government has borrowed an additional $29,660 per household in the United States since President Obama signed his economic stimulus law two years ago. That brings the total national debt to $125,475.18 per household. At the close of business on Feb. 17, 2009, the day Obama signed the $787-billion law, the national debt stood […]

Harvard historian warns of sudden collapse of American empire

July 15, 2010

Harvard professor and prolific author Niall Ferguson opened the 2010 Aspen Ideas Festival with a stark warning about the increasing prospect of the American “empire” suddenly collapsing due to the country’s rising debt level. “I think this is a problem that is going to go live really soon,” Ferguson said. “In that sense, I mean […]