Type your answer here... $1,300,000,000
Delayed social security, rising interest rates, difficulties in investing, tax payers paying the burden, and a recession that extends across nations are five ways the national debt can affect the economy. For businesses and trade to be strong, the national debt cannot be high.
Because there is no meaningful method of removing these costs. Interest on any loan is a fix expense. Salaries, which is basically what entitlements are, are also fixed expenses.
Any measure of economic stability. Variables could be *the stock market, *interest rates, *unemployment *foreclosures *national debt, etc.
The National Debt is the money owed by the US government to the Federal Reserve for printing money. Most of the money that is spent is spent on military and welfare. To see current statistics on the National Debt, see the Related Links to see the National Debt Clock keeping track of the debt in our country.
It depends on what country you are referring to. Here are the top 6 countries that have the most external debt in US dollars. There are other countries that have a higher debt to GDP ratio though. The U.S. currently has a national debt around 17.5 trillion dollars. The United Kingdom has a national debt of around 10.1 trillion dollars. Germany has a national debt of around 5.7 trillion dollars. France has a national debt of around 5.3 trillion dollars. Japan has a national debt of around 3 trillion dollars. China has a national debt around 3 trillion dollars.
zero
The people do.
The largest portion of uncontrollable spending in the federal budget is the spending that Congress approves.
Currently, American taxpayers are paying $53,000,000,000 (yes that's BILLION) per MONTH just for the INTEREST on our current debt!
Currently the US national debt is about 13 trillion dollars, and this is an extremely large amount. The nation is deeply in debt. Debts are expensive because lenders charge interest.
Debt. The amount the government spends, above and beyond incoming revenue is called a deficit. The accumulated annual deficit spending plus interest is the debt.
The National Debt
Hamilton expected that the revenue to pay the interest on the national debt would come from excise taxes and customs duties. He did not want the revenue to come from income tax.
It created a national bank, proposed the power to enforce tariffs and taxes to pay debt, and also that the entire national debt plus interest was to be paid in full
100%
the national debt was something used to create national debt
debt increases every day, how much? no clue <3! The National Debt increases or decreases each day as more Federal Treasury Securities (T-Bills, T-Bonds and T-Notes) are introduced or redeemed, and when interest on outstanding obligations is paid. More information on the Daily Debt to the Penny can be found at the U.S. Treasury Department's website at www.TreasuryDirect.gov A monthly summary showing the outstanding amount of Intragovernmental Holdings (IOU's held by government trust funds like Social Security), Debt Held by the Public, Total size of the debt, Interest paid the previous month, Interest paid during the Fiscal Year (October 1 - Sept 30 each year), gifts donated to reduce the public debt (monthly and for fiscal year) can be found at http://nationaldebtbusters.blogspot.com