Rising national debt may be the next economic crisis

Posted By Centaura Tuesday, April 18, 2017
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Centaura
 Posted Tuesday, April 18, 2017
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The bulk of the U.S. national dept in 2017 (over $14.5 trillion worth), is owned by a consortium of public sector groups, foreign governments, banks, insurance companies, and others. Some of this debt is concentrated, not only in U.S. Treasuries, but in savings bonds and Treasury Insurance Protected Securities (TIPS).

When this debt rises in an unsustainable manner, such as is the case today, it increases the long-term obligations of the U.S. government and increases interest payments necessary to service the debt load. Since the government receives the bulk of revenues in the form of taxes, higher interest payments and future obligations put upward pressure on taxes down the line
Friday, June 02, 2017 by Admin

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