The United States has a $27 trillion dollar problem. An addiction to government Debt and one which is growing by the day.
US Debt has grown by over 800% since 1990, accelerating its unfavourable title of having the largest debt by value in the world.
But does America’s Debt really matter? Well this depends on who you ask.
Ultimately its addiction to debt is a consequence of tax cuts, an ageing population, and how cheap it has become to borrow ever larger sums.
#USDebt #NationalDebt #GovernmentSpending
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In Norway we have an oilfund worth $1.1 trillion. We're only 5 million living here 🙂
Tax and spend! Tax and spend! Hahahaha
Addiction? It’s a debt based system so the addiction is a necessity
All the world has to do is back their currencies by gold and then you'll never have a dysfunctional economy ever again
Three-word answer: Bolshevik Zionist interests…
I like how owe other places money and aren’t paying back…. Cause government take high amount of taxes. Idk where that money goes to…. Imagine the USA as a person. Someone in debt but having lavish life.
People always blame social security for the debit. I think we can live with a smaller military.
US dollar has become a liability for US. Normally when imports remain high for a long period of time of a nation ,its currency starts to depreciate. USD has not depreciated vis a vis other currencies due to lack of alternatives. The net result is Americans are becoming poorer , however the rich who control business are becoming richer. It will collapse by around 2024 based on global paradigm.
Doesn’t matter, the debt will never be paid.
Print money and distribute…..anyway world countries won't ask….we are leaders….
Social Security is NOT AN ENTITLEMENT. We (and our employers) paid into the system. CONGRESS took that money and spent it, issuing just about WORTHLESS T BILLS (you have to sell them to get money). WHEN the world stops buying T Bills, the Ponzi scheme will fail. BUT Congress has THEIR OWN PENSION AND INSURANCE PLANS (funded by us the taxpayers) so THEY DON'T CARE.
Why NO JOBS WALLSTREET MOVED EVERYTHING TO FOREIGN COUNTRIES TO SAVE A BUCK.
I long term US is definitely will face it problems regarding it Trillion dollars debts.CHINA are the main US competitor
The us is bucked regardless of the deficit