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Because the government spends more money than it collects in tax revenue, lawmakers need to periodically tackle the issue -- a politically difficult task, as many are reluctant to vote for more debt.
The government then has to issue more bonds, which because of supply and demand, become less valuable with each one issued. And the cycle continues forever. For people and for governments, debt is ...
The only solution is to address what causes the debt in the first place: excessive government spending. It shouldn't be so hard. Politicians don't even need to stop spending more.
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.
The IMF said Wednesday that increased government spending, growing public debt and elevated interest rates in the United States had contributed to high and volatile yields — or interest rates ...
According to the OECD, general government gross debt (federal, state, and local) in the United States in the fourth quarter of 2015 was $22.5 trillion (125% of GDP); subtracting out $5.25 trillion for intragovernmental federal debt to count only federal "debt held by the public" gives 96% of GDP.
Debt held by the public in 2028 would increase from $27.0 trillion to $29.4 trillion, an increase of $2.4 trillion. Debt held by the public as a percent of GDP in 2028 would increase from 93% GDP to 101% GDP. Deficits would begin to exceed $1 trillion each year starting with 2019, reaching $1.7 trillion by 2028.
Fitch cited the federal government's rising debt burden and the political difficulties that the U.S. government has had in addressing spending and tax policies as the principal reasons for ...