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04.21 .1 7
Vol. 64, Issue 1 2
National debt: Will it continue to rise or decrease?
President Trump and his administration are working on their first budget proposal; the plan involves new spending and tax cuts. Fiscal conservatives would like to see a deficit reduction In this April 1 2, 21 07 file photo, President Donald instead of more Trump speaks during a news conference in the East spending. The United Room of the White House in Washington. (AP states depends on its Photo/Evan Vucci, File) foreign investors for most annual deficit went up of our goods and by Omar Ross services. Asking foreign The U.S. national debt following the 2008 investors to help finance financial crisis and has expanded tremendously over the budget analysts predict, the U.S. national debt would raise questions on past decade. As a result, that without reform, the state of the federal government spending the U.S. economy’s budget has been under will continue to put us vulnerability to foreign intense examination. The more and more in debt. governments or shifts in
investor sentiment. In the 2008 financial crisis, the U.S. deficit and debt went up for several years as the federal government collected less tax revenue and increased spending to try and make ends meet when there was no way to do that. According to National Public Radio, the 201 6 budget deficit was $600 billion, with federal government spending at $3.9 trillion, while taking in $3.3 trillion in revenue. This comes to about three percent of gross domestic product, down from ten
percent in 2009. Three percent has been the average over three decades. Trump hasn’t filled out all the details of his administration’s budget plans and funding for the current fiscal year, which runs out on April 28. Based on his campaign pledges and promises, many analysts think Trump’s policies would significantly widen the budget deficit. •Trump has promised to not make any cuts to entitlements or welfare spending, which includes
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Senator Warner discusses bipartisan proposals, President Trump and the Russians
by Malik Glaspie & Omar Ross
On Monday, April 3, the Spartan Echo spoke with Senator Warner (D-VA) via telephone conference to discuss issues in education as well as foreign relations. Sen. Warner was elected to the U.S. Senate by Virginia voters in Nov. 2008 and re-elected to a second term in 201 4. The Senator told the Echo his new bills allow
the financial burden of graduates the flexibility student loans to they need to work with diminish. Warner also employers to secure lower offered his views on the interest rates and pay part President Trumpof their student loans back Russian wiretap story, tax free. This is an the power of millennials obvious win for graduates, and financial advice. but it also helps Sen. Warner businesses attract and immediately dove into retain talented his new bipartisan employees,” Warner said. proposals and how they A collaboration between will positively affect Senators Mark Warner college students and Marco Rubio (R-FL) struggling with student resulted in the Dynamic loan debt. Repayment Act. By continued on page 2... “Our bill would give
Sen. Mark Warner, D-Va., speaks to reporters following a briefing on Syria on Capitol Hill in Washington, Friday, April 7, 201 7. Amid measured support for the U.S. cruise missile attack on a Syrian air base, some vocal Republicans and Democrats are reprimanding the White House for launching the strike without first getting congressional approval. (AP Photo/Susan Walsh)
SPARTAN ECHO | Norfolk State University 700 Park Avenue Norfolk, Virginia 23504 | (757) 823-8200 | spartanecho@nsu.edu