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.


The U.S. national debt is quickly rising. Don’t for a second believe that our country can sustain these debt levels without severe repercussions. At the time of this writing, the U.S. national debt stands at $18.15 trillion. (Source: Treasury Direct,…

The 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…

With 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…

For the U.S. government’s fiscal year ended September 30, 2014, the government registered a budget deficit of $483 billion—the lowest budget deficit since 2007. In fiscal 2013, the budget deficit was $680 billion. In each of the previous four fiscal…

For the U.S. federal government’s fiscal year, which ends this Tuesday, the Congressional Budget Office (CBO) predicts a budget deficit of $506 billion. (Source: Congressional Budget Office web site, September 26, 2014.) But just because our annual deficit is declining,…

According to the U.S. Congressional Budget Office, next year, the government is expected to incur a budget deficit of $469 billion and then another budget deficit of $536 billion in 2016. (Source: Congressional Budget Office web site, last accessed July…

While the Federal Reserve has cut back on its money printing program, the fact of the matter is that the “official” U.S. national debt is closing in on $18.0 trillion. The unofficial national debt (when obligations like Social Security, Medicare,…

As it stands, the U.S. national debt has skyrocketed to above $17.4 trillion. With this year’s budget deficit expected to be around $500 billion, we’ll be at a national debt of $18.0 trillion in no time. In fact, a $30.0-trillion…

Something just doesn’t make sense here… In 2013, the U.S. budget deficit came down to $680 billion. Finally, after four consecutive years of annual budget deficits of more than $1.0 trillion, the government got its annual “hole” under the trillion-dollar…

The U.S. national debt has skyrocketed from $9.2 trillion in the beginning of 2008 to $17.3 trillion today. This represents an increase of more than 88% in just a matter of a few years. (Source: Treasury Direct web site, last…

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