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If you add up government debt around the world, it totals $91 trillion. More than a third of it comes from one country: The U.S.
The program pays $1.5 trillion a year and aids 70 million Americans. But it has its own budget and by law can’t create debt or widen deficits.
At the annual meeting of right-wing thinkers, economic issues such as tariffs and government spending are expected to be discussed.
Our U.S. debt is bigger than our economic output. Consequences include ballooning interest payments and potential trust issues.
When the central bank makes money, it hands it to the Treasury. But now it’s losing money as it pays interest to banks on their deposits.
Every day there’s a warning about how catastrophic a default on the national debt would be. What’s it going to take to avoid that?
The U.K. has adopted an additional fiscal statistic that suggests public finances are not in such a bad shape after all.
Issuing a mega-coin has been proposed as a novel solution to the country’s debt ceiling crisis.
It’s like comparing apples and oranges, professor Golnaz Motie says, because the government has many more tools and huge immediate obligations.
There are public holders and government agencies, which all comes into play in the congressional debt ceiling battle.