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A healthy debt-to-GDP ratio is a far better indicator of a country’s fiscal health than the dollar amount of the debt it owes. In 1988, America’s debt was about half its GDP. ... National Debt ...
At $33 trillion and counting — actually, it's presently above $33.75 trillion — America’s national debt is astonishingly high. ... The big, bad number isn’t as scary as it seems.
This has fueled a massive increase in the federal debt, which now totals $34 trillion, about $6 trillion more than America’s gross domestic product (GDP), the value of all the goods and services ...
The national debt was up to $80,885 per person as of 2020. [153] The national debt equated to $59,143 per person U.S. population, or $159,759 per member of the U.S. working taxpayers, back in March 2016. [154] In 2008, $242 billion was spent on interest payments servicing the debt, out of a total tax revenue of $2.5 trillion, or 9.6%. Including ...
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.
As of September 30, 2014, debt held by the public was approximately $12.8 trillion. Intra-governmental debt, such as the Social Security trust fund, was at $5.0 trillion, giving a combined public debt or national debt of $17.8 trillion or about 105% GDP. [9] The debt-to-GDP ratio is projected to continue rising if the U.S. continues current ...
In a world where most people live their whole lives without ever seeing more than a few thousand dollars in the same place at the same time, $28 trillion is an incomprehensible sum. It's such a...
The national debt is finally a real-world problem. ... rates cause enough pain and voters finally realize that a new regime of higher taxes and lower spending is the least bad option. Or, a ...