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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.
These debates also deal with questions of morality, income equality and intergenerational equity. For example, Congress adding to the debt today may or may not enhance the quality of life for future generations, who may also have to bear additional interest and taxation burdens. [3] Political realities make major budgetary deals difficult to ...
Rising government debt levels have seemingly always been in the headlines. In recent years, U.S. debt levels have become political, with one side of the aisle often refusing to raise the debt limit...
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 ...
The high and rising level of US government debt risks driving up borrowing costs around the world and undermining global financial stability, the International Monetary Fund has warned.
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 .
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.
A low nominal interest rate can reduce debt servicing costs, while negative real interest rates erodes the real value of government debt. [5] Thus, financial repression is most successful in liquidating debts when accompanied by inflation and can be considered a form of taxation , [ 6 ] or alternatively a form of debasement .