A strong state of the union will require a strong approach to addressing high and rising national debt. Instead of ignoring the problem, our leaders must confront the situation and find ways to finance the future responsibly. Here’s a look at the State of the Debt.
The State of the Union cannot be strong without a strong fiscal foundation to the economy. The era of declining deficits is coming to an end and the era of record-level debt is projected to continue indefinitely. Policymakers cannot afford to ignore the debt problem and must find ways to finance the future in a sustainable manner.
The national debt is more than an abstract concept for the government to worry about. It affects you and your family. This paper explains how and the need to fix the debt.
We debunk several common myths about the national debt. Like deficits are falling; there is no harm in waiting; deficit reduction will harm the most vulnerable; and the debt can be fixed by cutting waste, fraud or foreign aid.
The latest official budget and economic forecast for the next decade from the nonpartisan Congressional Budget Office (CBO), shows national debt rising well past historical norms and warns of serious consequences. Here are the key figures and what they mean.
The State of the Union cannot be strong without a strong fiscal foundation to the economy. The era of declining deficits is coming to an end and the era of record-level debt is projected to continue indefinitely. Policymakers cannot afford to ignore the debt problem and must find ways to finance the future in a sustainable manner.
The national debt is more than an abstract concept for the government to worry about. It affects you and your family. This paper explains how and the need to fix the debt.
We debunk several common myths about the national debt. Like deficits are falling; there is no harm in waiting; deficit reduction will harm the most vulnerable; and the debt can be fixed by cutting waste, fraud or foreign aid.
The latest official budget and economic forecast for the next decade from the nonpartisan Congressional Budget Office (CBO), shows national debt rising well past historical norms and warns of serious consequences. Here are the key figures and what they mean.
Interest payments on the national debt will be the fastest growing part of the federal budget. Learn more about the relationship between interest rates and debt.
With interest rates rising, the debt ceiling looming once again, and high-profile issues like tax reform on the agenda, politicians in Washington are finding it harder to ignore the high and rising national debt. However, instead of addressing the issue openly and honestly, too many are resorting to myths to muddy the waters. We confront some of the most common myths with the facts.
Once again, the federal government is running up against the statutory debt limit, which has major implications for the national debt and the U.S. economy. Here’s a basic overview of this critical issue.
The UK Government tried to fool us into believing there were WMD to justify war in Iraq. Is it doing it again with the economic crisis to justify public sector cuts?
The mounting national debt is getting harder for Congress to ignore and lawmakers are turning to us for advice. Committee for a Responsible Federal Budget (CRFB) co-chair Mitch Daniels, Campaign to Fix the Debt co-chair Judd Gregg, and Fix the Debt steering committee and CRFB board member Alice Rivlin testified before the Joint Economic Committee of Congress on the national debt on September 8.
Interest payments on the national debt will be the fastest growing part of the federal budget. Learn more about the relationship between interest rates and debt.
With interest rates rising, the debt ceiling looming once again, and high-profile issues like tax reform on the agenda, politicians in Washington are finding it harder to ignore the high and rising national debt. However, instead of addressing the issue openly and honestly, too many are resorting to myths to muddy the waters. We confront some of the most common myths with the facts.
Once again, the federal government is running up against the statutory debt limit, which has major implications for the national debt and the U.S. economy. Here’s a basic overview of this critical issue.
The UK Government tried to fool us into believing there were WMD to justify war in Iraq. Is it doing it again with the economic crisis to justify public sector cuts?
The mounting national debt is getting harder for Congress to ignore and lawmakers are turning to us for advice. Committee for a Responsible Federal Budget (CRFB) co-chair Mitch Daniels, Campaign to Fix the Debt co-chair Judd Gregg, and Fix the Debt steering committee and CRFB board member Alice Rivlin testified before the Joint Economic Committee of Congress on the national debt on September 8.
Running hHead UNITED STATES NATIONAL DEBT1UNITED STATES N.docxrtodd599
Running hHead: UNITED STATES NATIONAL DEBT
1
UNITED STATES NATIONAL DEBT 4
UNITED STATES NATIONAL DEBT Comment by Writing Center: Not in all caps
Akhil Gadiparthi
BUS 505 Managerial Economics
Jun 30, 2019
Simin Hojat
Westcliff University
United States National Debt Comment by Writing Center: Great, just not bolded
Latest reports indicate that the United States nNational dDebt has now hit $22 tTrillion. This being is the highest point it has ever reached in the country’s history. Over the years, we have witnessed a drastic drop in tax revenue and a significant rise in federal spending. From the time President Trump assumed office in 2017, the nNational dDebt has increased by approximately $2 trillion in two years (Hallender, 2019). Despite the country being the most powerful country in the world, annual budget deficits keep on increasing, leaving the national dDebt to soaring. up. Comment by Writing Center: Where did you find this fact? Cite
(Author’s Last Name, year) Comment by Writing Center: Thesis statement? Remember: https://edpuzzle.com/media/5abe932cff173e40f02ef96d
History of the United States National Debt
The American Revolutionary War saw the first instance when the United Statescountry incurred national dDebt. This was undertaken by the first United States tTreasurer, Michael Hillegas. From this time, the Public Debt has been escalating significantly, although it did but decreased between 1835 and 1836. It is was during the periods of recessions and wars, that the country has seen high national debts. It has, therefore, been measured against the country’s GDP. Under these measurements, the National Debt had reached its highest during Truman’s pPresidential term, which was subsequently after World Wwar II 11 (Hall & Sargent, 2015). When Jimmy Carter and Bill Clinton came into power, there was seen a significantly low level of Public Debt. Comment by Writing Center: What is this? Specify Comment by Writing Center: Not capitalized Comment by Writing Center: Specify what ‘it’ refers to Comment by Writing Center: Not capitalized Comment by Writing Center: Not capitalized
Decreased military expenditure in the subsequent years made the dDebt to drop significantly (Hall & Sargent, 2015). Over those years, the public debt graph has been erratic with instances of high and low states. In the 1980s, there was an increase ind military spending, especially during the reign of President Reagan. Under President’s George W. Bush reign, the national debt went up by $5.9 trillion, which was the second largest. The 9/11 terrorist attacks dramatically reshaped the U.S. economy. Military spending surged to $600 billion/year, and thus, the wWar on terror attributed greatly to this the rise in national debt (Hall & Sargent, 2015). Further, Tax Relief and .
If the US has defaulted on its debts the government will not be able to step in and lend a hand. If that were to be the case, we could be looking at another Great Depression. The connection between a US debt default and your investments would be such that many would lose substantial portions of their portfolios.
https://youtu.be/AmJt2P6QHAw
This is a big picture overview of the social and economic transformation of the USA in the last 20 years. Great wealth and prestige has been lost, the manufacturing and agriculture sectors have declined. The middle class has been decimated and great wealth inequality has been created. Government is under control of big corporations, especially in finance, and effective government agency has been lost.
Heritage Foundation economist Bill Beach explores how federal policies are undermining the American Dream in a presentation to the Naples Committee for Heritage on February 17, 2010.
After the US dollar replaced gold, the US debt became the attention worldwide, thus the demand for the US dollar continued, furthermore the extremely low interest of the dollar. This helped the US government to borrow great amounts of debt as well as kept the creditors pleased. Due to the pandemic, the US economy retrograded because of the tax cut and unproductive rescue spending plan plus surpassing spending of the government. The rising inflation starts to increase to high levels, which certainly the government must cut back spending or its patterns, while this will lead to uncertain consequences for the long future. This paper discusses several different perspectives on the US government's sustainability as its ability to settle the debt in future, the fate of growth burdened with that debt through the neoclassical mode of growth, and also the effect of anxiety of defaults and unfunded obligations. Inversely, it explores the strength of the dollar with a low-interest rate and its sustainability worldwide. We also propose ways helping of strengthen the fiscal government position and solutions to help the economy recover in long term and to easiest the situation. In the synopsis, we propose something that could affect and shake the global market.
Although there has been much discussion about health care recently, very little attention has been paid to Medicare. While some politicians promise not to touch the vital program, such pledges will only hurt it as it faces serious financing issues that must be addressed and will make the larger health care problem harder to solve. See more at http://www.fixthedebt.org/why-leaving-medicare-alone-will-only-weaken-it
Washington is far from a consensus on what to do about health care. But the future health of the federal budget depends on bringing down health care costs. Here is why we cannot fix the debt if we do not address health care spending.
The national debt is forecast to grow unsustainably in the years to come if we don’t take action. Though the numbers are staggering, let’s look beyond them and focus on what they could mean for a typical American. Let’s name her Hope. http://www.fixthedebt.org/growing-up-with-debt
If Congress and the President cannot agree on at least short-term legislation funding federal operations, a government shutdown will result. This primer provides basic information to better understand what could happen.
Passing a budget is just one step in financing the federal government. Specific decisions about government spending are made through an annual process called appropriations. Here are answers to key questions to better understand the process.
Slides from the June 21, 2016 Fix the Debt webinar with former U.S. Comptroller General David Walker on how federal government finances affect state budgets. Watch the video at http://www.fixthedebt.org/chat-with-david-walker.
Where do your tax dollars go? Who pays federal taxes? What are tax expenditures? We explain the U.S. federal tax system in a few easy-to-understand charts. See more resources at http://www.fixthedebt.org/tax-reform-resource-page
Where does your tax dollars go? Who pays federal taxes? What are tax expenditures? We explain the U.S. federal tax system in a few easy-to-understand charts. See more resources at http://www.fixthedebt.org/tax-reform-resource-page
The presidential campaign can be an excellent opportunity to engage in a frank, constructive dialogue about the nation's fiscal challenges and what to do about them. Of course, it is much easier to rely on well-worn myths than to explain complex concepts and propose ideas that voters may not like. That’s why we published "16 Budget Myths to Watch Out for in the 2016 Campaign."
President Franklin Delano Roosevelt signed the Social Security Act into law on August 14, 1935. As the critical program celebrates its 80th birthday, we take a look at the challenges that must be overcome so that it can see at least 80 more years.
President Franklin Delano Roosevelt signed the Social Security Act into law on August 14, 1935. As the critical program celebrates its 80th birthday, we take a look at the challenges that must be overcome so that it can see at least 80 more years.
Despite the recent improvement in the federal budget deficit, the national debt is still on an unsustainable course. This infographic illustrates why this is a problem.
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
1. CHAIRMEN
JUDD GREGG
EDWARD RENDELL
FOUNDERS
ERSKINE BOWLES
AL SIMPSON
STEERING COMMITTEE
MICHAEL BLOOMBERG
PHIL BREDESEN
KENT CONRAD
DAVID COTE
PETE DOMENICI
VIC FAZIO
JIM MCCRERY
SAM NUNN
MICHAEL PETERSON
STEVEN RATTNER
ALICE RIVLIN
SCOTT SMITH
ANTONIO VILLARAIGOSA
ROBERT ZOELLICK
1900 M Street, NW · Suite 850 · Washington, DC 20036 · (202) 596-3597 · www.fixthedebt.org
The State of the Debt 2017
A strong state of the union will require a strong approach to addressing high and rising national
debt. Instead of ignoring the problem, our leaders must confront the situation and find ways
to finance the future responsibly. Here’s a look at the State of the Debt.
The debt is at record levels. The gross national debt is approaching $20 trillion. Meanwhile,
the debt held by the public, which is the gross debt minus what the government owes itself,
is at a post-World War II era high as a share of the economy at 77 percent. Only President
Truman came into office with debt at a higher share of the economy.
The situation will only get worse without action. Trillion-dollar federal deficits will return
by 2022 and continue rising. Debt is expected to grow by $10 trillion more over the next
decade, reaching 91 percent of the economy. And it will rise continuously thereafter,
exceeding the World War II record high of 106 percent by 2035.
We literally are paying dearly for inaction. Even with low interest rates, interest on the
debt is the fastest growing major part of federal spending. Interest spending is forecast to
nearly triple in dollar terms and double as a share of the economy over the next decade.
And one out of every eight dollars will go towards interest payments by 2030.
Health care and retirement costs are driving the growth of the debt. The aging of our
society was once considered a long-term problem, but it is no longer in the long term. The
baby boomers are now beginning to retire, which is causing health care and Social Security
spending to skyrocket. The result is more than two-thirds of government spending (and
growing) is essentially on autopilot. It is estimated that 70 percent of the spending growth
over the next decade will come from Social Security, Medicare, and interest on the debt.
Rising debt will make it harder to build a brighter future. Growing national debt will slow
the economy, wage growth, and job creation, and crowd out important public and private
investments. It will also make it harder to respond to unforeseen challenges like a recession
and make a fiscal crisis more likely. Learn more here.