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The national debt has grown to more than $37 trillion. There is mounting concern in some quarters over how soon the ballooning debt will impact the lives of everyday Americans. As Paul Solman explains, simply paying the interest on that debt is already swallowing a larger portion of the federal budget.

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China’s total debt has risen tremendously in just a couple of years. Here’s why that matters.

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Earlier this month, Rep. Pete Sessions (R-TX) questioned Secretary of the Treasury Janet Yellen on the national debt during a House Financial Services Committee hearing.

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Former Treasury Secretary Lawrence Summers says the Federal Reserve may need to get involved in fiscal policy and weigh in on the US government’s $33.5 debt mountain because of its implications for interest rates. Summers, a Harvard University professor and paid contributor to Bloomberg TV, speaks on “Wall Street Week” with David Westin.

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Even Chads have debt problems ????????

This is an explanation of the differences between a debt management plan administered by a credit counselling agency and a consumer proposal administered by a Licensed Insolvency Trustee.

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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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What can you do when you realise that the minimum payments required on all your credit card accounts have become too much to bear? Watch this video to find out how YOU can take the first step to address a growing debt problem.

Language: Mandarin
Presented by Credit Counselling Singapore.

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