National Debt

The national debt is simply the amount of borrowing undertaken by the federal government. It’s the debt of the country and is usually referred to as a percentage of gross domestic product (GDP); the higher the national debt in reference to the GDP, the riskier the country’s financial state is to shocks to the economy. The amount of the current national debt is approximately $17.89 trillion, or about $56,052 per American as of November 2014. The national debt gets bigger when the government accumulates a deficit, which is then added to the national debt balance. The government raises funds via the debt market when there is a shortfall between spending and income. Debt exists in the form of government bonds and bills.

The problem at this time is that the federal government continues to run annual deficits. The amount of the national debt has already surpassed the legal limit and has had to be increased on numerous occasions over the past few years. The issue at hand is the government will need to address the rising debt as it has already impacted budgetary spending and has resulted in fiscal spending cuts across the board, which impacts Americans whether it is on social programs or government services. If left unabated, the debt will continue to grow towards $18.0 trillion. The concern is that as interest rates rise, the interest carrying costs will surge and make the national debt situation even worse.

U.S. National Debt: Why It Makes You $57,000 Poorer Than You Already Are

By Monday, July 27, 2015
U.S. National DebtAt the time of writing, the U.S. public debt stands at $18.1 trillion. (Source: U.S. Treasury Direct, last accessed July 22, 2015.) Doing simple math; with a population of 318.9 million, each man, woman, and child in the United States owes roughly $57,000! According to the Congressional Budget Office (CBO), between 2016 and 2025, the.

U.S. National Debt to Hit $36.0 Trillion; Congressional Budget Office Confirms?

By Friday, June 26, 2015
National DebtAccording to the Congressional Budget Office (CBO), the U.S. budget deficit will grow from three percent of gross domestic product (GDP) today to six percent of GDP by 2040. (Source: Congressional Budget Office, June 16, 2015.) With the CBO expecting GDP in 2040 to be $31.4 trillion, six percent of that number would equate to a budget .

These Three Factors Suggest Gold Will Reach $5,000 by 2020

By Thursday, June 4, 2015
Gold priceGold will go to $5,000 by 2020. This prediction may sound absurd right now, when gold is trading at $1,200, but there are a few factors at play that could send the precious metal prices skyrocketing even before then. The top three factors that have the ability to send gold prices past their all-time highs are as follows: 1. Money supply around.

U.S. National Debt to Double; Here’s Why

By Monday, May 11, 2015
U.S. National DebtThe U.S. national debt currently stands at a staggeringly high level. Sadly, it’s only expected to go higher—and at a much quicker rate than the government predicts. U.S. National Debt to Hit $19.0 Trillion This Year? According to the estimates by the Congressional Budget Office (CBO) for the fiscal 2015 year that began in October.

National Debt Balloon Bearish for U.S. Dollar, Positive for Metals

By Friday, March 27, 2015
National Debt  turning into Debt crisisWith the U.S. government forecast to incur budget deficits year-over-year through to 2025, our rising national debt is turning into a debt crisis that will have long-term negative effects on our economy and currency valuation. In particular, two ticking debt time bombs are lurking nearby. Official National Debt Figures to 2025 According.

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