Even if spending grows by 1 percent annually, the budget is balanced by early next decade (and, more importantly, the spending burden declines). There are two more things to learn from this chart. First, there is not a problem of inadequate revenue. As you can see revenues are projected ...
Also, BC, interesting graph. The Willshire 5000 Total Market Cap to GDP chart speaks to quite a bubble in equities prices. Matt YoungFebruary 9, 2014 at 11:18 pm I take total interest expense and divide by total debt. I iinclude the free interest on debt held by the Fed since that i...
This is far from the case in America. The chart below shows the St Louis FRED’s estimate of the average annual savings rate, which has recently declined to 3.3%. However, these estimates have been revised over time with the effect of concealing times when the savings rate went negative. ...
in February 2016, the future president appeared on Fox News and assured viewers that, if he were president, he could start paying off the national debt "so easily." The Republican argued at the time that it would simply be a matter of looking at the country as "a profit-making c...
The chart below shows the CBO’s May 2023 budget baseline projections for the federal budget through 2033, including estimates for total spending – mandatory spending, discretionary spending and interest on the debt – plus tax revenues and the net deficit:...
President Barack Obama's economic recovery plan. The national budget deficit will, according to the author grow to over $7 trillion because of all of the money that Obama wants to borrow. A chart is presented that compares this debt to the national economies of other countries. It is noted...
Burlington StoresBURLandCracker BarrelCBRL, after today’s close we’ll hear from major chipmakerBroadcomAVGOand discount retail clubCostcoCOST. In between, Wholesale Inventories for January and public statements from Fed Governor Christopher Waller and Atlanta Fed President Raphael Bostic will potentially...
Debt is accrued by borrowing money based on the deficit. The debt is held by the public as Federal Debt, and our country has to pay interest on that debt. A little debt is good, debt at projected levels seen below is really bad. Also look below at the chart to see which Presidents ...
First thing of note, the OAS, DI, HI, SMI Trust Funds all are treated separately. Second note interest on those Trust Funds ARE counted as Public Debt, the $2.203 trillion shown as OAS debt in the chart above equating exactly to the year end balance and assets respectively in the followi...
However, while Mnuchin hopes there will be another legislative proposal by day's end, it's not clear if those on the right will follow the White House's lead. Since many Republicans have so far held firm to their $1 trillion limit despite urging from President Trump to offer a "gene...