The U.S. national debt is nearly $33 trillion as of early September 2023. Every year since 2001, the U.S. government has spent more money than it takes in, which means it has to borrow money to make up for the difference. The national debt is frequently discussed as a danger to future generations, but some economists say there’s no reason to get the national debt down to zero. One reason for that is without the debt, there would be no federal government securities, such as Treasury bonds, which provide investors a safe place to park their money while accruing interest. Most economist warn, however, that there’s a balancing act when it comes to the national debt. Watch the video above to learn more about why the U.S. can’t get a handle on the national debt and whether it even has to.

Chapters:
00:00 — Introduction
01:39 — The role of debt in the economy
03:28 — How debt can harm the economy
06:17 — The global economy

Produced by: Charlotte Morabito
Edited by: Amy Marino
Animation: Jason Reginato
Supervising Producer: Lindsey Jacobson

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Why The U.S. Won’t Pay Down Its Debt

Digital Budget Check-in with a PAY RAISE!!!! Let’s check-in on my digital budget to see my pay raise and check-in on my No Spend Month challenge. PLUS, I owe you that TP Count!

Hi, I’m Liz! Here on Budget and Balance I share my health and wealth journey to improve my health and pay off $150,000 in DEBT by budgeting, savings, and side hustling! Hope you’ll join me.

#digitalbudget #budgetwithme #debtfreejourney

00:00 Welcome
01:20 Goals
02:01 Projects
03:05 Income w Raise
04:34 Fixed Expenses
05:08 Debt
07:30 Review
07:59 Variable Expenses
10:51 Savings
12:15 Roll Over
12:28 TP Situation

Instagram (reselling): @BudgetandBalanceLiz
Business inquiries: lifeaslizreaches@gmail.com

Did you catch these videos?
No Spend Month challenge: https://youtu.be/m8HXNyX_hI4
Federal Student Loan Repayment: https://youtu.be/9d4zlly9Eus
Debt Confession: My Secret https://youtu.be/ulGQYTX-IV8
Frugal Friday playlist https://www.youtube.com/playlist?list=PLMcSNU6WIlQYKdPrQ9F7H3gpqFkqhFt7k

Becky from @TheGoodKindofMidLifeCrisis is participating in the No Spend Month Challenge. Check out her channel!

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This video was a bit challenging because the topic of money and debt is something I was ashamed of for several years. If someone brought up the subject of money I would brush it off and change the subject. Personal finances were just that to me “personal” and I never wanted to talk about them, but I have come to the understanding that being in debt is nothing to be ashamed of and sharing my journey can help someone else.

Press play to hear about my $150,000 plus in debt, how I accumulated it, and what happened when I started to focus in on paying it off.

Don’t forget to subscribe and turn on notifications so you don’t miss any videos. Also leave a comment and share with your family and friends.

#lifecoach #personalfinance #debtconfession #budgeting #personaldevelopment #creditcarddebt #studentloandebt #personalloan #emergencysavings #growth

Emergency Fund Calculator: https://www.pnc.com/en/calculators/investments-and-retirement/safety-net-calculator.html

00:00 Savings Balances
00:57 Credit Card Debt
02:46 Delinquencies
05:06 Emergency Fund Stats
05:55 HYSA
08:35 Fixing Low Savings

Some of my favorite books: https://amzn.to/3KF3tlr
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Disclaimer: Please note that this video is made for entertainment purposes only and not to be taken as financial advice. Always make sure to do your own research.

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Thanks for watching, I appreciate you!

There has been a surge in public debt in the US and other countries around the world. Are we going to face a looming currency crisis? In this episode, we talk to Jim Rogers and Peter Westaway to unpack these themes.

#jimrogers #usdebt #economy #debtcrisis

Provided to YouTube by Ditto Music

Debt Consolidation and Refinancing · Robert James Miller

Escape Debt (Positive Affirmations)

? Dustin Hartmann

Released on: 2023-07-12

Auto-generated by YouTube.

South Africa’s debt continues to escalate to worrying levels. That’s as the country’s debt burden has multiplied in the past few years from R500 billion in 2016 to R4.7 trillion last year and is forecast to reach R6 trillion by 2025.

Investment Executive at Foord Asset Management Linda Eedes unpacks this.

Tune into Newzroom Afrika DStv channel 405 for more.

How She Paid Off $460,000 in Debt
Today, I’m talking with the amazing Jade Warshaw. Not only is she a fellow Ramsey Personality, but she’s also a multi-talented cruise ship singer, yacht-rock lover, plant-based chef, motivational speaker, and debt-payoff expert. In this video, you’ll hear Jade’s incredible story of paying off almost half a million dollars in consumer debt and how you can achieve your own total money makeover.

Links:
Follow Jade on Instagram: https://www.instagram.com/jadewarshaw
Get your own Ramsey Goal Planner: https://store.ramseysolutions.com/personal-growth/books/ramsey-goal-planner/

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George Kamel is a personal finance expert and co-host of The Ramsey Show. Following Ramsey’s proven money plan, George went from negative net worth to a millionaire in under 10 years. His goal is to help people spend less, save more, and avoid money traps so they can live a life with more margin, options and freedom.

This channel will simplify complex money topics, bust money myths with actual facts, and debunk the stupid financial advice you’re seeing in your social media feed. All with a healthy dose of pop culture, humor, and snark.

I never thought i would have this much debt.. But this debt has been a game changer for me. Its allowed me to leave my 9-5 it pays me every month and over time will make me millions in cash over the next 30 years.

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