Tag: debt
The Debt—Does Anyone Care?
The worst part about the U.S. federal debt is not how big it has become but the fact that its growth has now become so unstoppable that we now assume that piling debt on future generations is the natural thing for the authorities to do. The Congressional Budget Office estimates that by 2051 the...
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Dr. Doom: Stagflationary Debt Crisis Looms Ahead
Nouriel Roubini earned the nickname “Dr. Doom” during the housing bubble of the early 2000s, when he predicted a crash in housing prices would blow up into a larger financial crisis and deep recession. He is one of the few economists who can honestly claim to have predicted the major events that came to...
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An Ocean of Red Ink as Far as the Eye Can See
Visual Capitalist has created an interactive visualization of the publicly-held portion of the U.S. government’s public debt. It covers 150 years, combining historic data from 1900 through 2020 with CBO projections for the next 30 years. You’ll need to follow the link above to take advantage of the interactivity, but here’s the big picture...
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The Debt—Who Cares?
Regardless of where you stand in regard to the American Rescue Plan, it is mind-boggling to see how little anyone in positions of political responsibility seems to care about the debt, perhaps the single most important issue facing the U.S. economy in the next few years. The same can be said of most advanced...
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Is the Presidential Election Winner Ready to Face a Mammoth Debt Crisis?
Writing in Foreign Policy, economist Dambisa Moyo paints a nightmare scenario of what is waiting for the next U.S. President:
National Debt to Nearly Double GDP by 2050
The Congressional Budget Office has finally released its 2020 Long Term Budget Outlook. Delayed for months, the CBO’s budget analysis confirms the coronavirus recession has made the U.S. government’s fiscal situation much worse. How much worse? In its 2019 outlook, the CBO expected the publicly held portion of the debt would hit 144 percent...
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The Financial Virus Will Infect Our Politics
One does not need to be prescient to understand that the consequences of the U.S. government’s financial response to the coronavirus will be momentous. The U.S. Federal Reserve recently announced nine new “facilities” (lending programs) and its balance sheet has surpassed the $6 trillion mark. Even the maniacal asset-buying of the post-financial crisis years...
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A Growing Mountain of Debt
Long after the pandemic ends, the debt accrued from the government’s response will still be with us.
The Rise of Zombie Governments
State gov.s omit pension obligations to hide insolvency.
Mounting Debt Isn’t Just Italy’s Problem
The United States has serious debt problems that have not been addressed since the financial crisis shook the world a decade ago—they have actually been compounded.
  • Catalyst
  • MyGovCost.org
  • FDAReview.org
  • OnPower.org
  • elindependent.org