Official National Debt Balance According to the Treasury Department, the current Total National Debt is $11.1 Trillion. As of 04/03/2009, Treasury breaks down the debt as follows: Debt Held by the Public: $6.868 Trillion Intragovernmental Holdings: $4.278 Trillion The...
Is the United States Broke? Not Even Close. With all the hand wringing going on over the housing and financial crisis I decided to see if I could put some of the massive numbers being thrown about in a little bit of perspective. Asset or Liability Timeframe Amount...
“Read my lips: no new taxes.” George H.W. Bush “If your family earns less than $250,000 a year, you will not see your taxes increased a single dime.” Barack Obama George Bush’s infamous campaign promise probably haunts him to this day....
Final Details of Obama’s 2009 Stimulus Bill The 1,071-page American Recovery and Reinvestment Act cleared the House Friday 246-183, without any Republican support, and received final passage in the Senate later that night on a 61-37 vote with three Republicans...
Average Tax Rates 2006 Since we were talking taxes and redistribution of income, I thought it would be relevant to give you some information on the Average Tax Rates paid by different segments of the population over the course of the last 30 years. Average Tax Rates,...
