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  2. Government debt - Wikipedia

    en.wikipedia.org/wiki/Government_debt

    Government debt is typically measured as the gross debt of the general government sector that is in the form of liabilities that are debt instruments. [2]: 207 A debt instrument is a financial claim that requires payment of interest and/or principal by the debtor to the creditor in the future.

  3. Deficit reduction in the United States - Wikipedia

    en.wikipedia.org/wiki/Deficit_reduction_in_the...

    The Social Security program faces a 75-year average annual shortfall of 1.4% GDP, which is about $280 billion in 2018 dollars. The CBO publishes a report every few years (Social Security Policy Options) which estimates various ways to close that funding gap. Without changes to the law, benefits will be cut by about 25% in 2034, as outlays to ...

  4. The rising price of paying the national debt is a risk for ...

    www.aol.com/rising-price-paying-national-debt...

    Not only is the federal debt at roughly $36 trillion, but the spike in inflation after the coronavirus pandemic has pushed up the government's borrowing costs such that debt service next year will ...

  5. Public finance - Wikipedia

    en.wikipedia.org/wiki/Public_finance

    Government debt (also known as public debt or national debt) is money (or credit) owed by any level of government; either central or federal government, municipal government, or local government. Some local governments issue bonds based on their taxing authority, such as tax increment bonds or revenue bonds. As the government represents the ...

  6. The Real Problem With Government Debt and How It Trickles ...

    www.aol.com/real-problem-government-debt...

    A high level of debt in and of itself isn’t generally a drag on the finances of individual Americans, even though it allows the government less fiscal flexibility and costs the country money ...

  7. The national debt is finally a real-world problem - AOL

    www.aol.com/finance/national-debt-finally-real...

    That’s basically how we got from a $6 trillion national debt in 2001 to a $33 trillion debt in 2023. So what’s the plan? There are a variety of ways to get the debt under control .

  8. Social cost - Wikipedia

    en.wikipedia.org/wiki/Social_cost

    Mathematically, social marginal cost is the sum of private marginal cost and the external costs. [3] For example, when selling a glass of lemonade at a lemonade stand, the private costs involved in this transaction are the costs of the lemons and the sugar and the water that are ingredients to the lemonade, the opportunity cost of the labor to combine them into lemonade, as well as any ...

  9. What is the debt ceiling, and is Trump right that a default ...

    www.aol.com/debt-ceiling-trump-default-could...

    Since the debt ceiling system was instituted in 1917, Congress has never not raised the debt ceiling. Congress has voted 78 times to raise or suspend the debt limit since 1960.