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We owe more than $500 million in interest payments every day to cover our government’s debt, much of that debt is owed to foreign governments like China. Our children pay the price.

News Updates

Warning: Debt Disaster Ahead

A top executive at a well-known credit rating agency recently gave a stern warning to Congress: pay attention to the recommendations of the President’s debt commission--or else.

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News Updates

Is the United States Bankrupt?

We're on track to fall far short of making good on our IOUs when they come due. Yet instead of cutting back, Congress continues to spend and accumulate debt at an incredible pace: $1 million every 30 seconds.

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News Updates

Coming Soon: A $26 Trillion National Debt

Last week was a nail-biter for anyone concerned about the consequences of our rapidly increasing national debt.

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News Updates

The High Cost of $13 Trillion

Our national debt, now $13 trillion, is not just a burden on our children’s future. It is a burden on our own.

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News Updates

Fixing Docs, But Not Fixing Our $13 Trillion Debt Crisis

This week, our national debt passed $13 trillion. The new health care law could increase it further.

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In the News

“The deficit problem is excessive spending…”

Posted on 31 August 2010

Former Congressional Budget Office director Douglas Holtz-Eakin and Cameron Smith say that excessive spending is driving the deficit. Continue Reading

Bulletins

National Debt & Personal Consequences

Posted on 23 July 2010

Our national debt is now over $13 trillion. How big is a trillion? Think of it this way: one million seconds will pass in the next twelve days; One trillion seconds will take over 30,000 years to pass us by. Congress has accumulated this $13 trillion debt by consistently spending more money than we receive [...] Continue Reading

Bulletins

The National Debt and Health Care: What You Need To Know

Posted on 17 June 2010

Here's how our $13 trillion debt and Congress' health care law will impact your family Continue Reading

Press Releases

Already $13 Trillion in the Hole, Congress Set to Expand National Debt by Billions More

Posted on 16 June 2010

The “Defeat the Debt” Campaign Launches Television Blitz in Washington, D.C. Featuring Ads Showing Uncle Sam Digging a Deep Hole, Children Pledging Allegiance to Pay America’s Debt Continue Reading

SEE MORE ARTICLES IN THE ARCHIVE

The National Debt and Health Care: What You Need To Know

Here’s how our $13 trillion debt and Congress’ health care law will impact your family Continue Reading

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