Tag: Congress

• The Evolution of a National Burden – Part 5/7

  After World War II, the National Debt was reduced from 120% to 30% of GDP by 1981. Then Ronald Reagan was elected president.

  Lloyd Lofthouse

  December 6, 2012

  crime, crime fraud scams, economics, federal government, finances, jobs, national debt, politics

  Congress, Government debt, Gross domestic product, Marshall Plan, National Debt, the cost of wars, William Jennings Bryan, World War II

• The Evolution of a National Burden – Part 4/7

  To pay off debt and fund the growing pains of a nation becoming an expanding global empire, Congress passed the 16th Amendment to the Constitution on February 3, 1913 establishing Congress’s right to impose a Federal income tax.

  Lloyd Lofthouse

  December 5, 2012

  crime, crime fraud scams, economics, federal government, finances, jobs, national debt, politics

  Alexander Hamilton, Barack Obama, Congress, GDP, Philippine, Philippine–American War, Spanish–American War, United States, US national debt

• Each President’s share of the US National Debt

  Former President G. W. Bush is responsible for more than $6 Trillion of the National Debt. That is almost 38%.

  Lloyd Lofthouse

  December 2, 2012

  economics, federal government, finances, national debt, politics

  Barack Obama, Bush, Congress, G.W. Bush, George W. Bush, Kennedy, Obama, The National Debt of the US, United States, who is responsible for the National Debt, who is responsible for the US national debt