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Antarctica Journal

Tag: congress

How U.S. debt went out of control

May 12, 2025 Antarctica Journal
U.S. debt

How did the U.S. debt get so high? The crucial turning point came back in 2001, said Lori Montgomery. At the time, Uncle Sam was actually running surpluses, and “the outlook was so rosy” that forecasters were predicting the U.S. could pay back every dime it had ever borrowed. That’s when President George W. Bush made a pivotal decision: Rather […]

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Chilling Details

This was the most negative presidential campaign in modern history. A full 86 percent of President Obama’s television ads and 79 percent of Mitt Romney’s were negative. By comparison, Obama and John McCain spent an average of 69 percent of their TV budgets on negative ads in 2008, and George W. Bush and John Kerry spent 58 percent in 2004.

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