national debt

Christian Piatt 10-10-2012
China debt illustration, vespar5 /

China debt illustration, vespar5 /

We’ve been hearing an awful lot about the national debt lately – particularly during the current election cycle – and specifically, we’ve gotten an earful about the problem of our enormous debt to China. Though some mistakenly believe we borrow all of our money to finance our upside-down economy from China, the truth is that they hold only about one-tenth of our total debt, which is about the same amount as we owe to Japan.

What’s staggering is that, even at 10 percent of our total indebtedness, that still amounts to well over one trillion dollars. That, in itself, is close to $3,700 for every man, woman, and child in the United States, plus interest. And if you consider that we owe ten times that much, it’s nothing short of depressing.

the Web Editors 02-13-2012

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Cathleen Falsani 01-30-2012
View of the Shandon area of Cork City. Image via

View of the Shandon area of Cork City. Image via

Oh, how I love the Irish. Sure, I'm biased, being half a Celt myself with legion cousins still living on the old sod. (Shout out to the Bradys and Caffreys in Ballyjamesduff!)

As a self-confessed Gaelophile, I've been following the various Irish Occupy groups on Facebook for several months now, and they are endlessly entertaining — and interesting. The Occupy movement in the States is, largely at least, missing at least one key component: A sense of humor. The Irish Occupiers seem to understand that you can catch a few more flies with honey — and a good laugh — than you can with angry chants and somber rhetoric.

When I heard about a surprising turn of events at the County Cork occupation last month, I thought, That's brilliant. On Christmas Eve, members of the Occupy movement in the southern city of Cork found a present underneath the Christmas tree in their Peace Park encampment. It was a package containing a letter from "Santy" Claus, which read in part, "Dear people of Cork: Inside is a present, a gift from me to you, from all of us here at the North Pole."

The gift package also held the key to a padlocked, vacant, seven-story office building in the city center, and a list of instructions.

Timothy King 11-04-2011

kondanani boyos
Less than one percent of the federal budget goes to foreign aid. Our spending on development and foreign assistance is not -- by any stretch of the facts or imagination -- our national debt.

Cutting foreign aid programs will do little to get us out of debt, but would be a devastating setback in the fight against global, extreme poverty.

We have come to an impasse in the negotiations to raise the debt ceiling because of several conceptual errors in our public discourse. These errors were most glaring in the remarks recently delivered by Speaker of the House John Boehner in his response to President Obama. The largest conceptual error is the idea that the government of a constitutional representative democracy is different from the people. Boehner said, "You know I've always believed the bigger the government, the smaller the people."

What does this mean? The government is composed of the people, and if people are paying attention and voting according to their own interests, the government ought to work toward the happiness of the people. The problem is that too many Americans have bought into this conceptual error that the government is some kind of leviathan, a monster that exists to take away their liberties. This is nonsense. A correction of another conceptual error in Boehner's presentation makes my point.

Jim Wallis 07-20-2011

'Barack and Michelle Obama on election night' photo (c) 2008, John Althouse Cohen - license:, I, alongside other faith leaders, met with President Obama about the critical budget debate. We are grateful and hopeful leaving this meeting. Please pray for us as the conversation continues.

Since early this spring, Sojourners, with your invaluable help, has strongly advocated with the president and Congress, asking for a responsible plan to reduce our nation's deficit -- a plan that protects the poorest and most vulnerable. We have asked, "What Would Jesus Cut?" We have prayed and fasted, and now thousands of you have signed on to the Circle of Protection: a statement on why we need to protect programs for the poor.

Hannah Lythe 06-23-2011
[Editors' note: As part of Sojourners' campaign to end the war in Afghanistan, we will run a weekly Afghanistan news digest to educate our readers about the latest n

Before the 2011 State of the Union address, Senator Mitch McConnell (R-KY)" target=

Hayley Hathaway 05-19-2010
Do secondary debt markets, hedge funds, and offshore banking make you want to dance? Probably not.
What is the Tea Party position on war?
Uri Dikulous 04-01-2010
On the heels of President Barack Obama's surprise visit to the troops in Afghanistan on Sunday, Vice President Joseph Biden and former Alaska Governor Sarah Palin revealed a surprise of their own:
We continue the roller coaster ride that we hope will end with universal or near universal coverage for health care in the United States.