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  2. Why Did Americans Stop Caring About the National Debt? - AOL

    www.aol.com/news/why-did-americans-stop-caring...

    While budget deficits have historically averaged 3 percent of GDP—ensuring the debt grows no faster than the overall economy—the deficit reached 7.5 percent of GDP last year and is projected ...

  3. There are 3 ways Donald Trump can reduce the risks from ... - AOL

    www.aol.com/3-ways-donald-trump-reduce-175124448...

    There are 3 ways Donald Trump can reduce the risks from America's soaring debt, Pimco economist says ... Joe Biden's Inflation Reduction Act. Doing so could yield $100 billion to $400 billion in ...

  4. Deficit reduction in the United States - Wikipedia

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

    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 ...

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

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    WASHINGTON (AP) — Donald Trump has big plans for the economy — and a big debt problem that will be a hurdle to delivering on them. Trump has bold ideas on tax cuts, tariffs and other programs ...

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

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    Today, the national debt actually exceeds the GDP of the entire U.S. economy, hitting $33.84 trillion. In the past few years, the national debt has risen dramatically due to increased spending on ...

  7. National debt of the United States - Wikipedia

    en.wikipedia.org/wiki/National_debt_of_the...

    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 ...

  8. 2023 United States debt-ceiling crisis - Wikipedia

    en.wikipedia.org/wiki/2023_United_States_debt...

    The United States debt ceiling is a legislative limit that determines how much debt the Treasury Department may incur. [23] It was introduced in 1917, when Congress voted to give Treasury the right to issue bonds for financing America participating in World War I, [24] rather than issuing them for individual projects, as had been the case in the past.

  9. Opinion - The imagined national debt crisis: A long-running ...

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    Of the $35 trillion in U.S. national debt, only about $8-9 trillion is held by foreign countries. China, the debt hawk’s No. 1 boogeyman, holds only $816 billion or 2.3 percent of this $35 trillion.

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