Category: Journalism Award

Second of a Series America was 200 years accumulating a national debt of a half-trillion dollars. Now, just six years later, the debt is approaching $1 trillion – albeit today’s inflation devaluated dollars ”aren’t what they used to be.” The colonial government issued $2 million in paper money in 1775, initial step toward financing the… Continue reading U.S. ‘Debt’ Payments Nearing $100 Billion

Third in a Series President Reagan is committed firmly to halting deficit spending and balancing the federal budget, he hopes by 1983.Ironically though, he had to ask Congress to raise the borrowing limit to $985 billion to cover spending commitments by the previous Carter Administration through Sept. 30, the end of fiscal ’81. Most of the 31 debt limit increases of the past two decades had been voted perfunctorily, with… Continue reading Can U.S. Debt Be Bridled?

Last of a Series Two attitudes obviously must change if the United States government is to end deficit spending and control the national debt, now approaching a trillion dollars. First, Congress must reverse excessive-spending notions and recognize that the fount of federal funds has its limitations. And secondly, Americans in general and special interest groups particular must ease their demands on the… Continue reading We Must Attack Budget Problems With Diligence