America: Paralyzed By Mounting Debts
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Title : America: Paralyzed By Mounting Debts
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Title : America: Paralyzed By Mounting Debts
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news-today.world | In case anyone is still unaware, government debt is out-of-control.
It doubled under President Obama, and it is anticipated to increase for 50 percent in the next ten years.
It doubled under President Obama, and it is anticipated to increase for 50 percent in the next ten years.
It’s not just the repayment of debt that presents a potential crisis; it’s the interest payments. With a clear correlation between government debt and diminished growth, a natural first step would be for the government to ease its deficit spending on programs such Medicaid, Social Security, and Medicare to decrease the waste inherent in some of these programs.
Interest rates are expected to rise to $1 trillion during the next decade. That is more than the US spends each year on Medicaid and its military. It will cost $55,000 per household over the next ten years just to service debt.
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Interest rates are expected to rise to $1 trillion during the next decade. That is more than the US spends each year on Medicaid and its military. It will cost $55,000 per household over the next ten years just to service debt.
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