Today, the “Debt” totals more than$33 trillion, and that phony time bomb is still a dud—and always will be. Higher interest rates are already significantly affecting the federal budget. This year, payments on the existing debt will total an estimated $870 billion, which is...
However, the US Treasury projects the debt-to-GDP ratio will continue to rise—from 123% of GDP today to 166% by 2054. As the debt keeps growing, the rising cost of paying interest on it will eventually reduce the government’s ability to spend on many programs that help generate economi...
We hear a lot about the national debt, but many of us don't really know what it is or how it works. Today we will have an apolitical discussion on how the national debt actually works.
Union into oblivion. By the time the Berlin Wall fell in 1989, public debt had climbed from $907 billion in 1980 to $2.85 trillion in 1989 (approximately $5 trillion in today's money). This was the first time since the Great Depression that the debt-to-GDP ratio climbed during ...
I bring this all up because I was curious about where the national debt was today and fell down a math rabbit hole. But, honestly, I’m hoping I’m simply being naive, unlearned, and grossly ignorant about economics, because everything I just wrote pretty much concerns me greatly. ...
Debt is a disease in America, and it is enabled and encouraged by the US government that has the largest national debt in the whole world. As we speak, America is $28 trillion US dollars in debt. Do you really think it is even possible that these $28 trillion are ever going to be ...
Every Taxpayer Today Owes $266,950 Towards The National Debt While Govt Gives Away $451 Billion Yearly To Illegal Invaders, Billions More To 'Woke' Programs And Trillions For Endless Wars - Those Creating Money Out Of Thin Air Have No Problem Printing Votes Without Voters By Rob Pue of Wisco...
Discusses how US investors can hold their own during the current economic, debt-ridden doldrums but President-elect Bill Clinton's advisers should take note of what caused today's problems and work toward not repeating the same four mistakes that led to...
national debt as a percentage of GDP Liberals love to make the argument that the debt to GDP ratio doesn't matter. When, in fact, the debt to GDP ratio exceeds 100% it means the total amount of income each person receives per year, including the cost of food and necessities, is ...
The world economy was subjected to the test of U.S. inflation last year. Today, the world economy faces the risk of the U.S. debt ceiling crisis. As long as bipartisan political games in the United States continue, the debt ceiling issue will recur. As long as the U.S. relies on ...