occurs when the government spends more than it collects in revenues in a given fiscal year. The national debt gets larger as the U.S. racks up more deficits, the Treasury Department said. that the rising debt could have ramifications for the U.S. economy.
Debt that is high and rising as a percentage of gross domestic product would "raise borrowing costs throughout the economy, reduce
Inflation’s cranking. Stocks tanking. And Biden & Co. throwing a garden party at the White House. To celebrate what? Crushing your dreams?
It is time to halt these expensive salaries we give our Government people. We can't afford you anymore.
Sadly, the US empire is collapsing due to irresponsible policies and a lack of confidence in traditional American values. Perhaps, the US is the best of a sorry lot, but the future looks to be rough. Who will lead the world...China, Russia, etc?
Why concern ? You can Print dollars...
Just wait until we get to the point where it requires $30+ of new debt to correspond to a $1 return in gdp.
It will get worse