The U.S. Treasury Department released a statement on Tuesday, confirming that the federal government has topped $16,000,000,000,000 in debt. (That’s $16 trillion, if you lost count of all the zeros). When combined with state level debt ($4.19 trillion), the number tops $20 trillion in total public debt. At the end of 2008, just before President Obama officially...

by Kristina Rasmussen Warren Buffett recently took to the opinion pages of the New York Times to decry America’s unfair tax system. According to his calculations, his effective tax rate is around 17 percent while his the people in his office pay effective rates averaging 36 percent. His solution? Washington should hike his taxes. And yours, while they’re...