Yes, citizens should be concerned about public debt, as high levels can lead to increased taxes, reduced public services, and potential economic instability. Excessive debt may limit a government's ability to respond to crises and invest in future growth. However, the context matters; manageable debt can be sustainable if it funds productive investments that stimulate economic growth. It's essential for citizens to stay informed and engaged in discussions about fiscal policies that affect their communities.
As of 2/28/12, the debt per US citizen is $49,208. The debt per US taxpayer is $136,190
The Public Debt is debt that is owed by the Government of the United States. The External Debt is that is owed to foreign countries. The current Public Debt is $16,738,541,240,281.19 that over 16 Trillion dollars. The external debt is approximately $15,940,978 that is a lot less than the public debt.
The public debt is the debt that the United States government owes to other countries.
Don't have plans to come back to the US and get a job.
I am so in debt and I am worried about paying my credit cards. Where can I get advice on credit card debt solutions?
The debt held by the public refers to the portion of the total public debt that is held by individuals, corporations, and foreign governments. It represents the amount of money that the government owes to these entities. On the other hand, the total public debt includes both the debt held by the public and the debt held by government accounts, such as the Social Security Trust Fund.
trends of public debt in india
The biggest disadvantage of public debt is the fear of it leading to excessive inflation. The advantage of public debt is the leveraging of public assets to provide services.
Whether you believe it should or shouldn't be, in many cases it is a legal requirement in the debt collection process and can't be helped.
can i as a senior citizen get a grant to help free me of the debt i have including credit cards and mortgage?????????
The deficit is always smaller than the public debt.
Ottoman Public Debt Administration was created in 1881.