Home » Posts tagged 'us federal debt'
Tag Archives: us federal debt
28 trillion reasons to have a Plan B
28 trillion reasons to have a Plan B At the close of business on Monday March 1st, just a few days ago, the US national debt crossed $28 trillion for the first time in history. To the penny, in fact, the national debt hit $28,004,376,276,999.35. And bear in mind that figure doesn’t include the $1.9 […]
U.S. Debt Has No Meaning Anymore (Until It Eventually Does)
U.S. Debt Has No Meaning Anymore (Until It Eventually Does) Photo by Wikimedia.org | CC BY | Photoshopped The national debt currently looks like a runaway freight train. Not only is it clocking in at $26.1 trillion at the moment, but it has made the jump of the last few trillion dollars fast. Really fast. Wolf Richter summarizes the frenzied ascent in […]
Wow, That Was Fast: Debt Out the Wazoo
Wow, That Was Fast: Debt Out the Wazoo US National Debt Spiked by $1 trillion in 5 weeks to $26 trillion. Fed monetized 65%. Business debts spike to high heaven. Trillions are now whooshing by at a breath-taking pace. The US gross national debt – the total of all Treasury securities outstanding – jumped by […]
What Happens When The Pandemic Ends?
What Happens When The Pandemic Ends? Let’s assume that by the end of this year a combination of social distancing and some new and effective treatments convert covid-19 from existential threat to chronic nuisance and the economy starts to assume an air of normalcy. Which is to say that people go back to traveling and […]
Putting Federal Debt In Perspective Against those Responsible In The Future
Putting Federal Debt In Perspective Against those Responsible In The Future Since 2007, US federal debt has risen 150% while annual US births (legal and otherwise) have fallen almost 14%. Said otherwise, over the dozen years since 2007, federal debt has increased by $13.8 trillion while 5.2 million fewer births have occurred over the same […]
U.S. Government Debt Bomb Much Higher Than Americans Realize
U.S. Government Debt Bomb Much Higher Than Americans Realize The U.S. Federal debt bomb continues to increase, even with the government shut down. In just one day, the U.S. public debt increased $50 billion on Jan 15th. While the total outstanding Federal debt has now reached nearly $22 trillion, it doesn’t include all U.S. government […]
US Debt: Bomb or Overblown?
US Debt: Bomb or Overblown? SUMMARY The latest report from the Congressional Budget Office (CBO) is enough to curdle the blood of any fiscal conservative. According to the report, US federal debt held by the public relative to GDP currently stands at 78 percent (debt issued in Treasury securities). If current trends hold, that number […]
The Faster America “Grows”, The Faster America Goes Bust
The Faster America “Grows”, The Faster America Goes Bust As of October 1st of 2007 (the start of the 2008 Federal Government fiscal year), federal debt stood at $9 trillion and 70 billion. In the subsequent ten years and five months, the US federal debt has grown $11 trillion and 805 billion and now stands at $20 […]
Treasury Department reports $1.2 TRILLION loss in 2017
Treasury Department reports $1.2 TRILLION loss in 2017 Earlier this month, the United States government released its annual financial report for the year 2017. This is something the government does every year, similar to how large companies like Apple, or Warren Buffett’s Berkshire Hathaway, publish their own annual reports. Unlike Berkshire and Apple, though, whose […]
The Albatross Of Debt: The Stock Market’s $67 Trillion Nightmare, Part 1
The Albatross Of Debt: The Stock Market’s $67 Trillion Nightmare, Part 1 This is getting pretty ridiculous. For old times sake, we recently checked on the Federal debt level during the month we arrived in the Imperial City as a 24-year old eager beaver. That was June 1970 and the Federal debt held by the public was $275 […]
Who Is It That Wants to Buy Trillions of US Treasury’s???
Who Is It That Wants to Buy Trillions of US Treasury’s??? As of the latest Treasury update showing federal debt as of Wednesday, February 15…federal debt (red line below) jumped by an additional $50 billion from the previous day to $20.76 trillion. This is an increase of $266 billion essentially since the most recent debt ceiling passage. Of course, […]
Fed Chair Janet Yellen Warns Congress: US Debt Trajectory Is Unsustainable
Fed Chair Janet Yellen Warns Congress: US Debt Trajectory Is Unsustainable During her tesimony this morning, Fed Chair Janet Yellen urged Congress to take into account the growth trajectory of the federal debt when making decisions about spending and taxation. She said lawmakers need to work toward achieving “sustainability of this debt path over time,” […]
