US Debt Review 18 Dec 15 2



Dear readers,

As we approach the end of the year, it may be a good time to revisit the US debt topic

We last visited the debt level back in Aug 2015.

As of 15 August 2012, the total public debt is 15,944,869,685,894.92.

As of 16 December 2015, the total public debt is 18,788,138,221,346.49.

The public debt of the US has increased and there is no immediate suggestion of any decrease to the rate of accumulation.

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Looking at the chart above, we can see the significant accumulation of debt. This is especially so after the 2008 financial crisis.

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When the amount of debt increases, the available amount of tax revenue will decrease as the cost of borrowing rises. This is one of the reasons that a number of analysts believe contributes to the inevitable downwards spiral of the US economy.

We will head into 2016 with increased uncertainty. The threat of terrorism is increasing and the Middle East situation is increasingly becoming fragile. Any conflict will likely elevate the debt level.

In the future should sentiments be affected negatively due to the debt, the value of the US dollar may drop as a result.

Have a great day ahead.

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  • Gordon

    Thanks. This is very insightful. Good luck mr Uncle Sam.