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A significant portion of the intragovernmental debt is the $2.6 trillion Social Security Trust Fund. [53] For example, the CBPP argues: [52] Debt held by the public is important because it reflects the extent to which the government goes into private credit markets to borrow.
It is often discussed in public economics, especially with regard to transition economics, [3] social policy, and government budget-making. [4] Many cite the growing U.S. national debt as an example of intergenerational inequity, as future generations will shoulder the consequences.
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 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 ...
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 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.
However, a fraction of this debt is actually collected. For example, in 2014, the US Federal Government was owed over $100 billion of criminal debt, and during that year, federal judges imposed almost $14 billion in new CJFOs, but the government only collects about $4 billion per year. [1]