US debt could explode above 200% of GDP in two decades if Trump’s tax cuts become permanent, CBO says — putting it at unsustainable levels
"Macroeconomic feedback effects would further increase interest rates and, therefore, lead to even worse fiscal outcomes," ...
Mises Institute2d
Will US Debt Cause an Economic Crisis?
Some economists fear that excessive government debt will lead to an economic crisis and recession. However, the real threat ...
24/7 Wall St. on MSN2d
24 Surprising Facts About the National Debt
The debt of the United States has passed the total value of our GDP and other countries are selling our debt. What does this ...
Forbes22d
America’s Debt Position By State And Worldwide
The total state debt balance of $19.7 billion represents ... sixth-highest government debt, with a debt-to-GDP ratio of 106.59%. The United States has the world's largest national economy but ...
Ray Dalio Warns US Debt Crisis Could Trigger 'Shocking Developments' Calls To Reduce Deficit At 3% Of GDP
Bridgewater Associates founder Ray Dalio warned on Wednesday that the United States faces a “very severe” supply-demand problem that could lead to “shocking developments” in the near future. What ...
The Conversation28d
Trump’s claim that US debt calculation may be fraudulent could put the economy in danger
US federal debt is the total amount of money the US government ... debt in at around 121% of the size of the entire economy (GDP). For comparison, the UK’s Office for Budget Responsibility ...
Bloomberg L.P.29d
Wishful Thinking Won’t Solve the US Debt Crisis
Even without new tax cuts now on the table, the debt-to-GDP ratio is on track to exceed 160% over the next few decades. A lot of economists aren’t much concerned about this. In a new paper ...
Bloomberg L.P.18d
Without Federal Spending, What’s Left of US GDP Growth?
No, argued Simon Kuznets, the Nobel economics laureate who helped create the measure now known as GDP. When the US Department of Commerce started publishing estimates of national output in the ...
Anadolu Ajansi19d
World debt soars 50% in a decade, exceeding GDP growth
Over the same period, global GDP expanded by about 26%, IMF figures showed. World trade also surged during this time, doubling from around $16 trillion to about $33 trillion. The US' total debt ...
Yahoo Finance3d
US debt could explode above 200% of GDP in two decades if Trump’s tax cuts become permanent, CBO says — putting it at unsustainable levels
debt would hit 204% of GDP in 2047 and exceed 250% in 2054. Total US debt is $36 trillion, and debt held by the public is about $29 trillion. The cost to service US debt payments already tops $1 ...