Federal Debt

Sovereign Reset: Escaping The Interest Trap With Greenbacks

September 2, 2026 Ellen Brown, Scheer Post. Educate! Federal Debt, Greenbacks, Quantitative Easing, Trillion Dollar Coin

In August 2026, the U.S. debt reached a gravity-defying $40 trillion, with an estimated fiscal year 2026 deficit of $2.1 trillion. Interest on the debt hit a record $1.4 trillion over the last 12 months and now consumes more than any federal program except Social Security and Medicare, eclipsing defense spending for the first time in U.S. history. Paid with borrowed money, interest compounds exponentially, making it the fastest-growing part of the budget, far outpacing economic growth. By 2036, the Congressional Budget Office projects interest costs will double to $2.1 trillion, with debt held by the public reaching 120 percent of GDP.

Long-Term US Treasury Bonds Hit Worst Level In 20 Years

September 1, 2026 News Desk, The Cradle. Educate! Federal Debt, Global Economy, Treasury Bonds, Wars and Militarism

Long-term US borrowing costs have hit a two-decade high as investors avoid US Treasuries, Bloomberg reported on 1 September, amid turmoil in western markets caused by Washington's war on Iran and the closure of the Strait of Hormuz. Investors are demanding more to lend to the US for 30 years as the deficit grows, companies borrow heavily and compete for the same lenders, and the Federal Reserve prepares to raise rates this month. The yield peaked at 5.34 percent in mid-August, its highest since 2007 and just short of the highest level in 22 years, and stood at 5.28 percent on Tuesday, roughly 0.65 percentage points above its low for the year.

Iran War, $40 Trillion Debt And The Deepening Capitalist Crisis

August 25, 2026 Gary Wilson, Struggle - La Lucha. Educate! Economic insecurity, Federal Debt, Inflation, Wars and Militarism

The U.S. war on Iran is hitting workers in the wallet — and pushing the capitalist economy toward a wider crisis. Workers feel it first. Food prices are jumping. The war has driven transportation costs sharply higher. Since the war began, gasoline and diesel prices have risen about 40%. Diesel has climbed to about $5.60 a gallon. The price gap between crude oil and the diesel made from it has risen above $100 a barrel for the first time as the war disrupts refineries and fuel shipments. Diesel moves trucks, trains and farm machinery, so those higher costs spread through the price of food and other goods.

How A Fed Overhaul Could Eliminate The Federal Debt Crisis, Part I

October 4, 2025 Ellen Brown, Scheer Post. Create! Big Banks, Federal Debt, Quantitative Easing, Treasury

The Federal Reserve’s independence is currently being challenged by political forces seeking to reshape its mandate. The Fed has not always been independent of Congress and the Treasury. Its independence was formalized only in 1951, with a Treasury-Federal Reserve Accord that was not a law but a policy agreement redefining the relationship of the parties. In the 1930s and 1940s, before the Fed officially became “independent,” it worked with the federal government to fund the most productive period in our country’s history. We can and should do that again. In a Sept. 1 Substack post titled “Fed Faces Biggest Direct Challenge by a President Since JFK – and This Is a Good Thing,” UK Prof. Richard Werner shows that there is no evidence that more independent central banks deliver lower inflation.

America’s 25-Year Tax Cutting And Fiscal Train Wreck

July 14, 2025 Jack Rasmus, Canadian Dimension. Educate! Donald Trump, Federal Debt, Finance and the Economy, One Big Beautiful Bill Act, Tax cuts for the rich

On July 4, the US Congress passed Donald Trump’s One Big Beautiful Bill Act—or BBB for short. The mainstream media and economists have mostly been reporting the details of the tax cuts contained in the bill—that is, which taxes got cut, how much accrued to businesses and the wealthy as opposed to the rest of us, what the impact is on GDP, and maybe even on government deficits and debt. All interesting facts. But not the most important. They purposely ignore the cuts in historical perspective and the bigger picture they represent.

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