Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,196,651 members, 7,962,115 topics. Date: Sunday, 29 September 2024 at 11:16 PM |
Nairaland Forum / Nairaland / General / Politics / US National Debt Hits $19 Trillion. (420 Views)
Buhari Announces Recovery Of N3.4 Trillion In One Year / Nigeria Uses 80% Of Revenues To Service Debts IDB Claims, Debt Hits 60BN- Sani / Nigeria's Debt Hits $63.5 Billion-vanguard (2) (3) (4)
(1) (Reply)
US National Debt Hits $19 Trillion. by Quelme: 5:12pm On Feb 05, 2016 |
The US Federal government is now in $19 trillion of debt, and it took a little more than 13 months for it to climb by $1 trillion since it hit $18 trillion in December 2014. But the Federal government is still free to borrow without limit. Let’s have a look why the Congress is not bothered about such a high level of debt. The latest figures show that government debt is the equivalent to nearly $60,000 in deficit spending for every American. The pace of the increase is slightly stepped-up compared to the last few trillion dollar mileposts. It took about 14 months for the debt to climb from $17 trillion to $18 trillion, and about the same amount of time to go from $16 trillion to $17 trillion. Some time ago, Congress passed legislation to increase the debt ceiling up to a certain amount, and borrowing had to stop once that limit was hit. However, over the last few years the Federal government has suspended the debt ceiling for extended periods, leaving the government free to borrow as much as it needed. |
Re: US National Debt Hits $19 Trillion. by Olamipapa(m): 5:14pm On Feb 05, 2016 |
They are still upcoming. |
Re: US National Debt Hits $19 Trillion. by tsdarkside(m): 5:40pm On Feb 05, 2016 |
this will never make frontpage.....deep in their hearths everybody knows america is screwd..... america will never recover again.....if something happens to their dollar-superiority,then they will fall like a giant rock... its a matter of time,..... |
(1) (Reply)
Can A Generator Seller Or Repairer Pray For Stable Electricity In Nigeria / A Speech By Governor Rauf Aregbesola At The Signing Of Ppb Into Law / OMG!!! Abuse Of Health Workers By The Government
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 9 |