Tag Archives: U.S. Deficit

What is the Debt Subject to Limit?

Opinion by Patricia L Johnson The Debt Subject to Limit is “the maximum amount of money the government is allowed to borrow without receiving additional authority from Congress”, not to be confused with the deficit. The deficit is the fiscal … Continue reading

Posted in Economy, Government, National Debt, News and politics, Only in America News | Tagged , , , , , , , , , | Leave a comment

GOP Definition of “Cut Spending”

An opinion by Patricia L Johnson The GOP’s Opening Argument: Cut Spending, Cut Spending, Cut Spending is an article written on January 3, 2011, by Derek Thompson and published in the Business section of The Atlantic. Thompson confirms what we … Continue reading

Posted in Economy, Government, National Debt, News and politics, War | Tagged , , , , , , , , , , , , , , , | Leave a comment

Deficit Chart

(Click Chart to enlarge) The above chart represents deficit increases by year, based on legislative changes that applied to that particular year.  During the period of FY 2001 through FY 2009, legislative changes increased the U.S. Deficit by 5.4 trillion … Continue reading

Posted in Economy, Government, National Debt, News and politics | Tagged , , , , , , , , , , , | Leave a comment