The U.S. on-the-books debt is just the tip of the iceberg. More disturbing is the unprecedented level of Uncle Sam’s unfunded liability.
The U.S. on-the-books debt is just the tip of the iceberg. More disturbing is the unprecedented level of Uncle Sam’s unfunded liability.
The national debt was one of the biggest issues during the 2012 election cycle. It has been ingrained into our minds by the media and politicians as the most urgent problem facing the nation.
With the current global debt crisis presenting a persistent and pressing issue, the question of how to tackle budgetary deficits and accruing debts is one that has proved divisive amongst voters, irrespective of traditional partisan divisions.
President Obama delivered remarks on the fiscal cliff at the White House this afternoon, emphasizing that Congress was hopeful but had not finished the job.
National debt organizations are using grassroots tactics to inform the public about the deficit and how people can get involved in creating a solution.
Senator Saxby Chambliss (R-GA) said that as the nation stands at the edge of a fiscal cliff, addressing the problem at hand is more important than honoring a twenty year old pledge.
What is the Fiscal Cliff? The Fiscal cliff is a series of automatic spending cuts and tax increases that are the result of the Budget Control Act of 2011.