3 reasons to fear America's massive $70 trillion debt pile


Olde Hornet

Well-Known Member
The price we pay for the wealthy to get wealthier.
:crazy:


As i have said before, most americans dont understand basic economics.
:no:


https://www.cnn.com/2019/07/17/investing/united-states-debt-risks/index.html

America's debt load is about to hit a record. The combination of cheap money and soaring debt helped fuel the decade-long economic expansion and bull market, but America's gluttony of loans could work against it if its fragile economic balance shifts.

In the first quarter of 2019, the United States' total public- and private-sector debt amounted to nearly $70 trillion, according to research by the Institute of International Finance. Federal government debt and liabilities of private corporations excluding banks both hit new highs.
Debt in itself isn't bad. Borrowing can help governments and businesses grow by funding important projects and services that make the economy stronger. And right now, the United States can still deal with its debt burden. The economy, about $21 trillion in size, remains healthy, and the Federal Reserve is preparing to cut interest rates and make debt even cheaper. But America's near-record liabilities could be dangerous down the road.
 
Back
Top