Noah Rayman and Rachel Wagley / October 24, 2011 6:10 pm
Dear Fellow Americans, Welcome to the Annual Report of the United States of America. ARUSA is dedicated to explaining and analyzing the federal budget and proposing sustainable fiscal solutions. We hope you use this tool to first learn about the challenges facing American spending policy and then engage your fellow citizens and legislators to enact real, sustainable reform. This year, ... Read More
Rachel Wagley and Noah Rayman / October 24, 2011 5:45 pm
This year, Americans watched as the national debt rose to $14.7 trillion, nearly matching the GDP. A tumultuous Congress passed the Budget Control Act of 2011 to raise the debt ceiling on the condition that the federal government decreases future spending. Despite the last-minute compromise, Standard & Poor’s downgraded the US credit ranking from an AAA to an AA+ immediately ... Read More
