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?
The USA Took 205 Years to Reach 1 Trillion in National Debt : The magic date was October 22, 1981. "When Ronald Reagan took office in January of that year, the gross domestic debt, as a percentage of the nation’s annual income, had reached its lowest point since 1931: 32.5 percent. As the Republican presidential nominee, Reagan had often spoken out during the campaign against deficit spending. Once ensconced in the White House, however, he encouraged Congress to spend heavily on arms while also cutting taxes. As a result, during the eight Reagan years the national debt soared. https://www.politico.com/story/2017/10/22/us-national-debt-tops-1-trillion-oct-22-1981-243966
History of the United States Public Debt : The 2020 US Depression is accelerating the speed to our reaching the inevitable crippling debt disaster. In May of 2020, the US debt to GDP is at highest level since WW2.
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