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The US Debt - Information and Analysis

The US Debt is a current feature for DFIN.  This will be a continuing focus for DFIN going forward.  Think of this site. DFIN as a canary in a coal mine.  i.e.: an early warning technique

It is incumbent on every generation to pay its own debts as it goes. A principle which if acted on would save one-half the wars of the world; Thomas Jefferson

Why Do We See This as a Problem?

History

  • Until the mid 70s the US was focused on reducing debt.

  • The US would typically run up debt for a war

  •  After the war the governments focus was to pay off the debt

  • The US Government is not immune from the dangers of too much debt. Think back to 2007 when consumers did what they could to borrow and buy one or more homes. This did not end well as 300,000,000+ remember                                                                                                       

  • The last time the US was debt free was after the War of 1812 during the Jackson presidency

  • After WW2 a great effort was made to reduce the debt and pay for the war including tax rates as high as 91%

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