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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.
What else can I help you with?
What is the debt per citizen?
As of 2/28/12, the debt per US citizen is $49,208. The debt per US taxpayer is $136,190
Is Public debt or External debt bigger?
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.
What is the public debt?
The public debt is the debt that the United States government owes to other countries.
If you are not a US citizen and have to return to your country but you have a lot of CC debt what should you do?
Don't have plans to come back to the US and get a job.
If the public debt of a country into thousand nine was 11982000000000 in the budget for 2010 was in deficit by 101347000000 what was the public debt in 2010?
To find the public debt in 2010, you would add the deficit to the public debt of 2009. The public debt in 2009 was 11,982,000,000,000, and the deficit for 2010 was 101,347,000,000. Therefore, the public debt in 2010 would be 11,982,000,000,000 + 101,347,000,000, which equals 12,083,347,000,000.
Where can I get advice on credit card debt solutions?
I am so in debt and I am worried about paying my credit cards. Where can I get advice on credit card debt solutions?
How is the debt held by the public different from the total public debt?
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.
Current trends of public debt in India?
trends of public debt in india
What are the Advantages and disadvantages of public debt?
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.
Should a public notice be posted for outstanding debt of a dead spouse?
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 that i have credit cards and mortgage?
can i as a senior citizen get a grant to help free me of the debt i have including credit cards and mortgage?????????
Is the public debt held by United states citizen a burden to the economy?
Expanding public debt could have a negative effect on future citizens of the U.S. Under current law, sometime between 2030 and 2040, mandatory spending (Social Security, Medicare/Medicaid) will exceed tax revenue, making programs unavailable.
