Thursday, August 28, 2014

The Doubling of the National Debt

"The Doubling of the National Debt" digs into the notion of the Federal deficit is declining, but US Government Debt load is increasing. A Key Excerpt:

"The falling deficits sound like good news, but there are two important things to understand about it. First, falling deficits mean that the national debt is still increasing — just more slowly than they previously were. In this case, assuming things play out as projected, that means that instead of trillion dollar deficits adding a trillion dollars a year to the nation’s debt, we now have a half-trillion dollar deficit adding a half-trillion dollars a year to the nation’s debt."

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