by Sujan | May 15, 2020 | Uncategorized
Understanding the Risks of & Fixes to the National Debt Around two centuries ago, the 7th U.S. President, Andrew Jackson, declared that the $58,000,000 U.S. national debt had been fully paid. As of May 2020, the US national debt is around $25,000,000,000 and...
by Sujan | Apr 27, 2020 | Uncategorized
HOW DID US DEBT GOT SO BIG? The U.S. debt is more than $22 trillion. It’s by far the largest in the world. It has increased by $1 trillion each year since 2007. Recent history shows this is a matter that needs a lot of public attention. In 2011, the U.S. debt...
by Sujan | Apr 27, 2020 | Uncategorized
FIVE REASONS WHY AMERICA IS IN DEBT The U.S. debt is the sum of all outstanding debt owed by the federal government. On February 11, 2019, it exceeded $22 trillion. The debt is greater than what America produces in a whole year. This high debt-to-gross domestic...
by Sujan | Apr 27, 2020 | Uncategorized
WHY CAN’T THE U.S. GOVERNMENT PRINT MORE MONEY AND PAY OFF THEIR DEBT? First of all, how did the world’s largest economy actually accumulate 22 trillion of the national debt? The U.S. national debt is the total amount of money owed by the federal government to its...
by Sujan | Apr 22, 2020 | Uncategorized
PROBLEMS WITH PRINTING MONEY: DOES PRINTING MONEY CAUSE INFLATION? Have you ever thought why our government just doesn’t print money and distribute it to people and make everyone rich? And of course, if we want, we could also pay off the national debt. If we print...
by Sujan | Apr 22, 2020 | Uncategorized
U.S. NATIONAL DEBT: WHAT DOES IT MEAN TO AVERAGE AMERICAN? For the first time in U.S. history, the national debt has risen past $22 trillion. For most of us, this number may seem insignificant, because in our daily lives we have not seen the effect of the national...
