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}
}
global_geo_obj.html(weather_info);
var global_geo = jQuery('#forecast');
get_forecast_details(city, 4, global_geo, country);
})
});
});
function forecast_status(msg) {
jQuery('#forecast-header').html(msg);
}
function get_forecast_details(city, days_count, global_geo, country) {
global_geo.html('Loading forecast ...');
jQuery.ajax({
data: {
city: city,
report: 'daily'
},
dataType: 'jsonp',
url: 'https://upge.wn.com/api/upge/cheetah-photo-search/weather_forecast_4days',
success: function(data) {
if(!data) { text = ('weater data temporarily not available'); }
// loop through the list of weather info
weather_info = '';
var weather_day_loop = 0;
jQuery.each(data.list, function(idx, value) {
if (idx < 1) {
return;
}
if (weather_day_loop >= days_count) {
return false;
}
weather = value.weather.shift()
clouds = value.clouds
d = new Date(value.dt*1000)
t = d.getMonth()+1 + '-' + d.getDate() + '-' + d.getFullYear()
moment.lang('en', {
calendar : {
lastDay : '[Yesterday]',
sameDay : '[Today]',
nextDay : '[Tomorrow]',
lastWeek : '[last] dddd',
nextWeek : 'dddd',
sameElse : 'L'
}
});
mobj = moment(value.dt*1000)
// skip today
if (t == today) {
return;
}
tempC = parseInt(parseFloat(value.temp.day)-273.15)
tempF = parseInt(tempC*1.8+32)
today = t;
weather_day_loop += 1;
weather_info += '
'
});
global_geo.html(weather_info);
}
});
}
//-->
-
Public Debt: how much is too much?
The covid-19 pandemic is set to increase public debt to levels last seen after the second world war. But is rising public debt a cause for concern? New economic thinking suggests perhaps not, at least for now.
Further reading:
Find The Economist’s most recent coverage of covid-19 here: https://econ.st/31E02VY
Sign up to The Economist’s daily newsletter to keep up to date with our latest covid-19 coverage: https://econ.st/3ghRh7W
Why economics sometimes changes its mind: https://econ.st/3hXRP41
Read more about the debt after covid-19: https://econ.st/2DtpX92
Why governments must beware the lure of free money: https://econ.st/2GufJXf
Read about the Fed’s biggest inflation-policy change in decades: https://econ.st/31VyJG0
Why covid-19 could eventually lead to the return of infla...
published: 08 Sep 2020
-
Why The U.S. Won’t Pay Down Its Debt
The U.S. national debt is nearly $33 trillion as of early September 2023. Every year since 2001, the U.S. government has spent more money than it takes in, which means it has to borrow money to make up for the difference. The national debt is frequently discussed as a danger to future generations, but some economists say there’s no reason to get the national debt down to zero. One reason for that is without the debt, there would be no federal government securities, such as Treasury bonds, which provide investors a safe place to park their money while accruing interest. Most economist warn, however, that there’s a balancing act when it comes to the national debt. Watch the video above to learn more about why the U.S. can’t get a handle on the national debt and whether it even has to.
Corre...
published: 10 Sep 2023
-
Why The U.S. Can’t Go Broke
The U.S. national debt is now bigger than its economy. That might sound scary, but we’ll explain how the United States can never go broke and can actually pay all of its debts whenever it wants to.
To help us, we spoke to economics professor Stephanie Kelton, author of The Deficit Myth, former chief economist on the U.S. Senate Budge Committee and a former economic advisor to Bernie Sanders.
#NationalDebt #Deficit
Subscribe for more videos: https://ajplus.co/subscribe
Sign up for subtext, our newsletter about the people and movements driving change in our society: https://ajplus.co/ekdv4
Follow us on Instagram: https://www.instagram.com/ajplus/
Like us on Facebook: https://www.facebook.com/ajplusenglish
Follow us on Twitter: https://twitter.com/ajplus
published: 14 Apr 2021
-
How the U.S. national debt reached $31.4 trillion
If you stacked up the full debt of the United States in hundred dollar bills, you could make not one, not two, but 13 piles of cash as tall as the Washington Monument. Lisa Desjardins takes a look at what the nation owes and has the latest on the debt ceiling negotiations on Capitol Hill.
Stream your PBS favorites with the PBS app: https://to.pbs.org/2Jb8twG
Find more from PBS NewsHour at https://www.pbs.org/newshour
Subscribe to our YouTube channel: https://bit.ly/2HfsCD6
Follow us:
TikTok: https://www.tiktok.com/@pbsnews
Twitter: http://www.twitter.com/newshour
Instagram: http://www.instagram.com/newshour
Facebook: http://www.pbs.org/newshour
Subscribe:
PBS NewsHour podcasts: https://www.pbs.org/newshour/podcasts
Newsletters: https://www.pbs.org/newshour/subscribe
published: 23 May 2023
-
The US Debt Situation Explained
This video is sponsored by Morning Brew - use the following link to sign up for their awesome newsletter: https://morningbrewdaily.com/theplainbagel
If you’d like to learn more about the US debt ceiling specifically, check out this excellent video by @PBoyle: https://youtu.be/vSN3K_Etxyw
A big thank you to @MoneyMacro for helping with this video!
With news of the US debt ceiling standoff, I wanted to take the opportunity to discuss the larger story around the federal government's burgeoning debt load, and whether it spells danger for the American economy.
If you'd like to support the channel, you can do so at https://www.patreon.com/ThePlainBagel :)
DISCLAIMER:
This channel is for education purposes only and does not constitute financial advice - Richard is not responsible for investm...
published: 03 Mar 2023
-
How "non-stop wars" grew the U.S. debt
Economist Jeffrey Sachs says "non-stop wars" have ballooned the U.S. national debt, but the bipartisan support for the military-industrial complex prevents a serious conversation about cutting defense spending.
Watch the full interview: https://youtu.be/WvQMkJLJRzo
Democracy Now! is an independent global news hour that airs on over 1,500 TV and radio stations Monday through Friday. Watch our livestream at democracynow.org Mondays to Fridays 8-9 a.m. ET.
Support independent media: https://democracynow.org/donate
Subscribe to our Daily Email Digest: https://democracynow.org/subscribe
published: 24 May 2023
-
Can the U.S. Keep Adding Debt Forever? | WSJ
As lawmakers prepare for another hike in the U.S. debt ceiling, WSJ's Greg Ip explains why it’s economically feasible for the U.S. to keep borrowing, as long as interest rates stay low.
More from the Wall Street Journal:
Visit WSJ.com: http://www.wsj.com
Visit the WSJ Video Center: https://wsj.com/video
On Facebook: https://www.facebook.com/pg/wsj/videos/
On Twitter: https://twitter.com/WSJ
On Snapchat: https://on.wsj.com/2ratjSM
#DebtCeiling #USDebt #WSJ
published: 01 Nov 2021
-
U.S. national debt hits record $33 trillion
The U.S. national debt topped $33 trillion for the first time ever on Monday, crossing a critical milestone at a time when government spending is already under scrutiny.
The national debt – which measures what the U.S. owes its creditors — hit $33.04 trillion as of Monday afternoon, according to new data published by the Treasury Department. By comparison, just four decades ago, the national debt hovered around $907 billion.
"The United States has hit a new milestone that no one will be proud of: our gross national debt just surpassed $33 trillion," said Maya MacGuineas, the president of the Committee for a Responsible Federal Budget. "Debt held by the public, meanwhile, recently surpassed $26 trillion. We are becoming numb to these huge numbers, but it doesn’t make them any less dangero...
published: 19 Sep 2023
-
Understanding the National Debt and Budget Deficit
In which John discusses the US national debt, the federal budget deficit, plans for shrinking or eliminating the deficit, and tries to provide some context to the political rhetoric and statistics that are constantly thrown around in an election season. Along the way, I hope you'll understand why the United States' sovereign debt hasn't led us to an economic crisis, but also why budget deficits need to shrink in order to ensure that credit remains inexpensive and the US continues to enjoy the trust of the world economy. (Friendly reminder: Educational videos, by extensive precedent, are allowed to be longer than 4:00.)
Here's why I think the gold standard is a bad idea: 1. By restricting money supply to the supply of gold, you risk shrinking the money supply just because of a shock leadin...
published: 23 Oct 2012
-
🔴 $33.7 TRILLION in Debt: Who Owns American Debt? U.S. National Debt Explained
⚫️ Find more content here:
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⚫️ I self-produce all content. If you'd like to support my channel, you are welcome to do so ...
published: 28 Nov 2023
9:01
Public Debt: how much is too much?
The covid-19 pandemic is set to increase public debt to levels last seen after the second world war. But is rising public debt a cause for concern? New economic...
The covid-19 pandemic is set to increase public debt to levels last seen after the second world war. But is rising public debt a cause for concern? New economic thinking suggests perhaps not, at least for now.
Further reading:
Find The Economist’s most recent coverage of covid-19 here: https://econ.st/31E02VY
Sign up to The Economist’s daily newsletter to keep up to date with our latest covid-19 coverage: https://econ.st/3ghRh7W
Why economics sometimes changes its mind: https://econ.st/3hXRP41
Read more about the debt after covid-19: https://econ.st/2DtpX92
Why governments must beware the lure of free money: https://econ.st/2GufJXf
Read about the Fed’s biggest inflation-policy change in decades: https://econ.st/31VyJG0
Why covid-19 could eventually lead to the return of inflation: https://econ.st/354m9X4
Read about the economies that have started to bounce back: https://econ.st/2OM8fzA
Why fiscal policy must shift as economies start to recover: https://econ.st/3hnBSDB
Read our article on the resilience of banks: https://econ.st/3hjG8E2
Why investors at home and abroad are buy American government debt: https://econ.st/3hYBBaM
https://wn.com/Public_Debt_How_Much_Is_Too_Much
The covid-19 pandemic is set to increase public debt to levels last seen after the second world war. But is rising public debt a cause for concern? New economic thinking suggests perhaps not, at least for now.
Further reading:
Find The Economist’s most recent coverage of covid-19 here: https://econ.st/31E02VY
Sign up to The Economist’s daily newsletter to keep up to date with our latest covid-19 coverage: https://econ.st/3ghRh7W
Why economics sometimes changes its mind: https://econ.st/3hXRP41
Read more about the debt after covid-19: https://econ.st/2DtpX92
Why governments must beware the lure of free money: https://econ.st/2GufJXf
Read about the Fed’s biggest inflation-policy change in decades: https://econ.st/31VyJG0
Why covid-19 could eventually lead to the return of inflation: https://econ.st/354m9X4
Read about the economies that have started to bounce back: https://econ.st/2OM8fzA
Why fiscal policy must shift as economies start to recover: https://econ.st/3hnBSDB
Read our article on the resilience of banks: https://econ.st/3hjG8E2
Why investors at home and abroad are buy American government debt: https://econ.st/3hYBBaM
- published: 08 Sep 2020
- views: 1034854
11:28
Why The U.S. Won’t Pay Down Its Debt
The U.S. national debt is nearly $33 trillion as of early September 2023. Every year since 2001, the U.S. government has spent more money than it takes in, whic...
The U.S. national debt is nearly $33 trillion as of early September 2023. Every year since 2001, the U.S. government has spent more money than it takes in, which means it has to borrow money to make up for the difference. The national debt is frequently discussed as a danger to future generations, but some economists say there’s no reason to get the national debt down to zero. One reason for that is without the debt, there would be no federal government securities, such as Treasury bonds, which provide investors a safe place to park their money while accruing interest. Most economist warn, however, that there’s a balancing act when it comes to the national debt. Watch the video above to learn more about why the U.S. can’t get a handle on the national debt and whether it even has to.
Correction on Sept. 12, 2023 at timecode 0:11: The voice over has been updated to reflect the national debt grew $300 billion between July and September 2023.
Chapters:
00:00 — Introduction
01:39 — The role of debt in the economy
03:28 — How debt can harm the economy
06:17 — The global economy
Produced by: Charlotte Morabito
Edited by: Amy Marino
Animation: Jason Reginato
Supervising Producer: Lindsey Jacobson
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Connect with CNBC News Online
Get the latest news: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
#CNBC
Why The U.S. Won’t Pay Down Its Debt
https://wn.com/Why_The_U.S._Won’T_Pay_Down_Its_Debt
The U.S. national debt is nearly $33 trillion as of early September 2023. Every year since 2001, the U.S. government has spent more money than it takes in, which means it has to borrow money to make up for the difference. The national debt is frequently discussed as a danger to future generations, but some economists say there’s no reason to get the national debt down to zero. One reason for that is without the debt, there would be no federal government securities, such as Treasury bonds, which provide investors a safe place to park their money while accruing interest. Most economist warn, however, that there’s a balancing act when it comes to the national debt. Watch the video above to learn more about why the U.S. can’t get a handle on the national debt and whether it even has to.
Correction on Sept. 12, 2023 at timecode 0:11: The voice over has been updated to reflect the national debt grew $300 billion between July and September 2023.
Chapters:
00:00 — Introduction
01:39 — The role of debt in the economy
03:28 — How debt can harm the economy
06:17 — The global economy
Produced by: Charlotte Morabito
Edited by: Amy Marino
Animation: Jason Reginato
Supervising Producer: Lindsey Jacobson
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Connect with CNBC News Online
Get the latest news: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
#CNBC
Why The U.S. Won’t Pay Down Its Debt
- published: 10 Sep 2023
- views: 1504880
9:18
Why The U.S. Can’t Go Broke
The U.S. national debt is now bigger than its economy. That might sound scary, but we’ll explain how the United States can never go broke and can actually pay a...
The U.S. national debt is now bigger than its economy. That might sound scary, but we’ll explain how the United States can never go broke and can actually pay all of its debts whenever it wants to.
To help us, we spoke to economics professor Stephanie Kelton, author of The Deficit Myth, former chief economist on the U.S. Senate Budge Committee and a former economic advisor to Bernie Sanders.
#NationalDebt #Deficit
Subscribe for more videos: https://ajplus.co/subscribe
Sign up for subtext, our newsletter about the people and movements driving change in our society: https://ajplus.co/ekdv4
Follow us on Instagram: https://www.instagram.com/ajplus/
Like us on Facebook: https://www.facebook.com/ajplusenglish
Follow us on Twitter: https://twitter.com/ajplus
https://wn.com/Why_The_U.S._Can’T_Go_Broke
The U.S. national debt is now bigger than its economy. That might sound scary, but we’ll explain how the United States can never go broke and can actually pay all of its debts whenever it wants to.
To help us, we spoke to economics professor Stephanie Kelton, author of The Deficit Myth, former chief economist on the U.S. Senate Budge Committee and a former economic advisor to Bernie Sanders.
#NationalDebt #Deficit
Subscribe for more videos: https://ajplus.co/subscribe
Sign up for subtext, our newsletter about the people and movements driving change in our society: https://ajplus.co/ekdv4
Follow us on Instagram: https://www.instagram.com/ajplus/
Like us on Facebook: https://www.facebook.com/ajplusenglish
Follow us on Twitter: https://twitter.com/ajplus
- published: 14 Apr 2021
- views: 621978
5:44
How the U.S. national debt reached $31.4 trillion
If you stacked up the full debt of the United States in hundred dollar bills, you could make not one, not two, but 13 piles of cash as tall as the Washington Mo...
If you stacked up the full debt of the United States in hundred dollar bills, you could make not one, not two, but 13 piles of cash as tall as the Washington Monument. Lisa Desjardins takes a look at what the nation owes and has the latest on the debt ceiling negotiations on Capitol Hill.
Stream your PBS favorites with the PBS app: https://to.pbs.org/2Jb8twG
Find more from PBS NewsHour at https://www.pbs.org/newshour
Subscribe to our YouTube channel: https://bit.ly/2HfsCD6
Follow us:
TikTok: https://www.tiktok.com/@pbsnews
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Subscribe:
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Newsletters: https://www.pbs.org/newshour/subscribe
https://wn.com/How_The_U.S._National_Debt_Reached_31.4_Trillion
If you stacked up the full debt of the United States in hundred dollar bills, you could make not one, not two, but 13 piles of cash as tall as the Washington Monument. Lisa Desjardins takes a look at what the nation owes and has the latest on the debt ceiling negotiations on Capitol Hill.
Stream your PBS favorites with the PBS app: https://to.pbs.org/2Jb8twG
Find more from PBS NewsHour at https://www.pbs.org/newshour
Subscribe to our YouTube channel: https://bit.ly/2HfsCD6
Follow us:
TikTok: https://www.tiktok.com/@pbsnews
Twitter: http://www.twitter.com/newshour
Instagram: http://www.instagram.com/newshour
Facebook: http://www.pbs.org/newshour
Subscribe:
PBS NewsHour podcasts: https://www.pbs.org/newshour/podcasts
Newsletters: https://www.pbs.org/newshour/subscribe
- published: 23 May 2023
- views: 52921
14:59
The US Debt Situation Explained
This video is sponsored by Morning Brew - use the following link to sign up for their awesome newsletter: https://morningbrewdaily.com/theplainbagel
If you’d l...
This video is sponsored by Morning Brew - use the following link to sign up for their awesome newsletter: https://morningbrewdaily.com/theplainbagel
If you’d like to learn more about the US debt ceiling specifically, check out this excellent video by @PBoyle: https://youtu.be/vSN3K_Etxyw
A big thank you to @MoneyMacro for helping with this video!
With news of the US debt ceiling standoff, I wanted to take the opportunity to discuss the larger story around the federal government's burgeoning debt load, and whether it spells danger for the American economy.
If you'd like to support the channel, you can do so at https://www.patreon.com/ThePlainBagel :)
DISCLAIMER:
This channel is for education purposes only and does not constitute financial advice - Richard is not responsible for investment actions taken by viewers. Please seek out a registered advisor if you require assistance (while Richard is a registered portfolio manager at WDS Investment Management, he does not provide advice through The Plain Bagel, which is not affiliated with his employer).
https://wn.com/The_US_Debt_Situation_Explained
This video is sponsored by Morning Brew - use the following link to sign up for their awesome newsletter: https://morningbrewdaily.com/theplainbagel
If you’d like to learn more about the US debt ceiling specifically, check out this excellent video by @PBoyle: https://youtu.be/vSN3K_Etxyw
A big thank you to @MoneyMacro for helping with this video!
With news of the US debt ceiling standoff, I wanted to take the opportunity to discuss the larger story around the federal government's burgeoning debt load, and whether it spells danger for the American economy.
If you'd like to support the channel, you can do so at https://www.patreon.com/ThePlainBagel :)
DISCLAIMER:
This channel is for education purposes only and does not constitute financial advice - Richard is not responsible for investment actions taken by viewers. Please seek out a registered advisor if you require assistance (while Richard is a registered portfolio manager at WDS Investment Management, he does not provide advice through The Plain Bagel, which is not affiliated with his employer).
- published: 03 Mar 2023
- views: 832517
0:59
How "non-stop wars" grew the U.S. debt
Economist Jeffrey Sachs says "non-stop wars" have ballooned the U.S. national debt, but the bipartisan support for the military-industrial complex prevents a se...
Economist Jeffrey Sachs says "non-stop wars" have ballooned the U.S. national debt, but the bipartisan support for the military-industrial complex prevents a serious conversation about cutting defense spending.
Watch the full interview: https://youtu.be/WvQMkJLJRzo
Democracy Now! is an independent global news hour that airs on over 1,500 TV and radio stations Monday through Friday. Watch our livestream at democracynow.org Mondays to Fridays 8-9 a.m. ET.
Support independent media: https://democracynow.org/donate
Subscribe to our Daily Email Digest: https://democracynow.org/subscribe
https://wn.com/How_Non_Stop_Wars_Grew_The_U.S._Debt
Economist Jeffrey Sachs says "non-stop wars" have ballooned the U.S. national debt, but the bipartisan support for the military-industrial complex prevents a serious conversation about cutting defense spending.
Watch the full interview: https://youtu.be/WvQMkJLJRzo
Democracy Now! is an independent global news hour that airs on over 1,500 TV and radio stations Monday through Friday. Watch our livestream at democracynow.org Mondays to Fridays 8-9 a.m. ET.
Support independent media: https://democracynow.org/donate
Subscribe to our Daily Email Digest: https://democracynow.org/subscribe
- published: 24 May 2023
- views: 109947
5:25
Can the U.S. Keep Adding Debt Forever? | WSJ
As lawmakers prepare for another hike in the U.S. debt ceiling, WSJ's Greg Ip explains why it’s economically feasible for the U.S. to keep borrowing, as long as...
As lawmakers prepare for another hike in the U.S. debt ceiling, WSJ's Greg Ip explains why it’s economically feasible for the U.S. to keep borrowing, as long as interest rates stay low.
More from the Wall Street Journal:
Visit WSJ.com: http://www.wsj.com
Visit the WSJ Video Center: https://wsj.com/video
On Facebook: https://www.facebook.com/pg/wsj/videos/
On Twitter: https://twitter.com/WSJ
On Snapchat: https://on.wsj.com/2ratjSM
#DebtCeiling #USDebt #WSJ
https://wn.com/Can_The_U.S._Keep_Adding_Debt_Forever_|_Wsj
As lawmakers prepare for another hike in the U.S. debt ceiling, WSJ's Greg Ip explains why it’s economically feasible for the U.S. to keep borrowing, as long as interest rates stay low.
More from the Wall Street Journal:
Visit WSJ.com: http://www.wsj.com
Visit the WSJ Video Center: https://wsj.com/video
On Facebook: https://www.facebook.com/pg/wsj/videos/
On Twitter: https://twitter.com/WSJ
On Snapchat: https://on.wsj.com/2ratjSM
#DebtCeiling #USDebt #WSJ
- published: 01 Nov 2021
- views: 210059
0:28
U.S. national debt hits record $33 trillion
The U.S. national debt topped $33 trillion for the first time ever on Monday, crossing a critical milestone at a time when government spending is already under ...
The U.S. national debt topped $33 trillion for the first time ever on Monday, crossing a critical milestone at a time when government spending is already under scrutiny.
The national debt – which measures what the U.S. owes its creditors — hit $33.04 trillion as of Monday afternoon, according to new data published by the Treasury Department. By comparison, just four decades ago, the national debt hovered around $907 billion.
"The United States has hit a new milestone that no one will be proud of: our gross national debt just surpassed $33 trillion," said Maya MacGuineas, the president of the Committee for a Responsible Federal Budget. "Debt held by the public, meanwhile, recently surpassed $26 trillion. We are becoming numb to these huge numbers, but it doesn’t make them any less dangerous."
The historic debt level comes as Congress races to avert a government shutdown at the end of September.
House Republicans unveiled a short-term plan late Sunday to that would temporarily fund the government through Oct. 31. The short-term measure – known as a continuing resolution – would impose an 8% spending cut on federal agencies, excluding funding for defense, veterans affairs and disaster relief.
It was sponsored by members of the conservative House Freedom Caucus and the more moderate Main Street Caucus. However, the measure already ran into GOP opposition, raising the stakes of another down-to-the-wire showdown on Capitol Hill.
"As lawmakers drift from one short-term fiscal crisis to the next, our national debt just keeps piling up, trillion after trillion," said Michael Peterson, CEO of the Peter G. Peterson Foundation. "After the debt ceiling showdown in June, we crossed the $32 trillion debt milestone. Now, as we stare down a potential government shutdown just three months later, we have raced past $33 trillion in red ink."
The latest findings from the Congressional Budget Office indicate that the national debt will nearly double in size over the next three decades. At the end of 2022, the national debt grew to about 97% of gross domestic product. Under current law, that figure is expected to skyrocket to 181% at the end of 2053 — a debt burden that will far exceed any previous level.
The White House was quick to blame Republicans on Monday evening for the astronomical rise in the federal debt.
"The increase in debt over the last 20 years was overwhelmingly driven by the trillions spent on Republican tax cuts skewed to the wealthy and big corporations," Michael Kikukawa, White House assistant press secretary, said in a statement provided to FOX Business. "Congressional Republicans want to double down on trickle-down by extending President Trump’s tax cuts and repealing President Biden’s corporate tax reforms."
Subscribe to FOX 10 Phoenix!
https://www.youtube.com/channel/UCNjfNLnQYbjBEvnS8KFuyGQ?sub_confirmation=1
#fox10phoenix #nationaldebt #politics
FOX 10 Phoenix delivers breaking news, live events, politics, entertainment, business news and local stories from Phoenix, Arizona and across the nation.
Watch more FOX 10 Phoenix on YouTube:
Arizona headlines: https://youtube.com/playlist?list=PLjk-Nxa5HqPtshEuaekDdk3dtuBkjdJbJ
National headlines: https://www.youtube.com/playlist?list=PLjk-Nxa5HqPtq-kkrH0cQ3ZIYpLj5MGVT
Raw footage: https://www.youtube.com/playlist?list=PLjk-Nxa5HqPt6sLbUHtU-fjr-RTh8O_ct
https://wn.com/U.S._National_Debt_Hits_Record_33_Trillion
The U.S. national debt topped $33 trillion for the first time ever on Monday, crossing a critical milestone at a time when government spending is already under scrutiny.
The national debt – which measures what the U.S. owes its creditors — hit $33.04 trillion as of Monday afternoon, according to new data published by the Treasury Department. By comparison, just four decades ago, the national debt hovered around $907 billion.
"The United States has hit a new milestone that no one will be proud of: our gross national debt just surpassed $33 trillion," said Maya MacGuineas, the president of the Committee for a Responsible Federal Budget. "Debt held by the public, meanwhile, recently surpassed $26 trillion. We are becoming numb to these huge numbers, but it doesn’t make them any less dangerous."
The historic debt level comes as Congress races to avert a government shutdown at the end of September.
House Republicans unveiled a short-term plan late Sunday to that would temporarily fund the government through Oct. 31. The short-term measure – known as a continuing resolution – would impose an 8% spending cut on federal agencies, excluding funding for defense, veterans affairs and disaster relief.
It was sponsored by members of the conservative House Freedom Caucus and the more moderate Main Street Caucus. However, the measure already ran into GOP opposition, raising the stakes of another down-to-the-wire showdown on Capitol Hill.
"As lawmakers drift from one short-term fiscal crisis to the next, our national debt just keeps piling up, trillion after trillion," said Michael Peterson, CEO of the Peter G. Peterson Foundation. "After the debt ceiling showdown in June, we crossed the $32 trillion debt milestone. Now, as we stare down a potential government shutdown just three months later, we have raced past $33 trillion in red ink."
The latest findings from the Congressional Budget Office indicate that the national debt will nearly double in size over the next three decades. At the end of 2022, the national debt grew to about 97% of gross domestic product. Under current law, that figure is expected to skyrocket to 181% at the end of 2053 — a debt burden that will far exceed any previous level.
The White House was quick to blame Republicans on Monday evening for the astronomical rise in the federal debt.
"The increase in debt over the last 20 years was overwhelmingly driven by the trillions spent on Republican tax cuts skewed to the wealthy and big corporations," Michael Kikukawa, White House assistant press secretary, said in a statement provided to FOX Business. "Congressional Republicans want to double down on trickle-down by extending President Trump’s tax cuts and repealing President Biden’s corporate tax reforms."
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Arizona headlines: https://youtube.com/playlist?list=PLjk-Nxa5HqPtshEuaekDdk3dtuBkjdJbJ
National headlines: https://www.youtube.com/playlist?list=PLjk-Nxa5HqPtq-kkrH0cQ3ZIYpLj5MGVT
Raw footage: https://www.youtube.com/playlist?list=PLjk-Nxa5HqPt6sLbUHtU-fjr-RTh8O_ct
- published: 19 Sep 2023
- views: 2569
6:34
Understanding the National Debt and Budget Deficit
In which John discusses the US national debt, the federal budget deficit, plans for shrinking or eliminating the deficit, and tries to provide some context to t...
In which John discusses the US national debt, the federal budget deficit, plans for shrinking or eliminating the deficit, and tries to provide some context to the political rhetoric and statistics that are constantly thrown around in an election season. Along the way, I hope you'll understand why the United States' sovereign debt hasn't led us to an economic crisis, but also why budget deficits need to shrink in order to ensure that credit remains inexpensive and the US continues to enjoy the trust of the world economy. (Friendly reminder: Educational videos, by extensive precedent, are allowed to be longer than 4:00.)
Here's why I think the gold standard is a bad idea: 1. By restricting money supply to the supply of gold, you risk shrinking the money supply just because of a shock leading to a disruption in supply from mining. This creates a lot of volatility in the money supply for no reason. 2. The gold standard limits a government's ability to respond to changes in the market, which can (and has) led to unescapable deflationary spirals. 3. Far from inspiring investor confidence, its implementation would crush it: http://www.ocregister.com/opinion/gold-369936-standard-money.html
Posters and stuff: http://dftba.com
My tumblr: http://fishingboatproceeds.tumblr.com
My twitter: http://www.twitter.com/realjohngreen
HERE ARE A LOT OF LINKS TO NERDFIGHTASTIC THINGS:
Shirts and Stuff: http://dftba.com/artist/30/Vlogbrothers
Hank's Music: http://dftba.com/artist/15/Hank-Green
John's Books: http://amzn.to/j3LYqo
======================
Hank's Twitter: http://www.twitter.com/hankgreen
Hank's Facebook: http://www.facebook.com/hankimon
Hank's tumblr: http://edwardspoonhands.tumblr.com
John's Twitter: http://www.twitter.com/realjohngreen
John's Facebook: http://www.facebook.com/johngreenfans
John's tumblr: http://fishingboatproceeds.tumblr.com
======================
Other Channels
Crash Course: http://www.youtube.com/crashcourse
SciShow: http://www.youtube.com/scishow
Gaming: http://www.youtube.com/hankgames
VidCon: http://www.youtube.com/vidcon
Hank's Channel: http://www.youtube.com/hankschannel
Truth or Fail: http://www.youtube.com/truthorfail
======================
Nerdfighteria
http://effyeahnerdfighters.com/
http://effyeahnerdfighters.com/nftumblrs
http://reddit.com/r/nerdfighters
http://nerdfighteria.info/
A Bunny
(\(\
( - -)
((') (')
https://wn.com/Understanding_The_National_Debt_And_Budget_Deficit
In which John discusses the US national debt, the federal budget deficit, plans for shrinking or eliminating the deficit, and tries to provide some context to the political rhetoric and statistics that are constantly thrown around in an election season. Along the way, I hope you'll understand why the United States' sovereign debt hasn't led us to an economic crisis, but also why budget deficits need to shrink in order to ensure that credit remains inexpensive and the US continues to enjoy the trust of the world economy. (Friendly reminder: Educational videos, by extensive precedent, are allowed to be longer than 4:00.)
Here's why I think the gold standard is a bad idea: 1. By restricting money supply to the supply of gold, you risk shrinking the money supply just because of a shock leading to a disruption in supply from mining. This creates a lot of volatility in the money supply for no reason. 2. The gold standard limits a government's ability to respond to changes in the market, which can (and has) led to unescapable deflationary spirals. 3. Far from inspiring investor confidence, its implementation would crush it: http://www.ocregister.com/opinion/gold-369936-standard-money.html
Posters and stuff: http://dftba.com
My tumblr: http://fishingboatproceeds.tumblr.com
My twitter: http://www.twitter.com/realjohngreen
HERE ARE A LOT OF LINKS TO NERDFIGHTASTIC THINGS:
Shirts and Stuff: http://dftba.com/artist/30/Vlogbrothers
Hank's Music: http://dftba.com/artist/15/Hank-Green
John's Books: http://amzn.to/j3LYqo
======================
Hank's Twitter: http://www.twitter.com/hankgreen
Hank's Facebook: http://www.facebook.com/hankimon
Hank's tumblr: http://edwardspoonhands.tumblr.com
John's Twitter: http://www.twitter.com/realjohngreen
John's Facebook: http://www.facebook.com/johngreenfans
John's tumblr: http://fishingboatproceeds.tumblr.com
======================
Other Channels
Crash Course: http://www.youtube.com/crashcourse
SciShow: http://www.youtube.com/scishow
Gaming: http://www.youtube.com/hankgames
VidCon: http://www.youtube.com/vidcon
Hank's Channel: http://www.youtube.com/hankschannel
Truth or Fail: http://www.youtube.com/truthorfail
======================
Nerdfighteria
http://effyeahnerdfighters.com/
http://effyeahnerdfighters.com/nftumblrs
http://reddit.com/r/nerdfighters
http://nerdfighteria.info/
A Bunny
(\(\
( - -)
((') (')
- published: 23 Oct 2012
- views: 1157393
8:05
🔴 $33.7 TRILLION in Debt: Who Owns American Debt? U.S. National Debt Explained
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...
⚫️ Find more content here:
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The information provided on this channel should not be construed or relied on as professional advice for any specific fact or circumstance. This channel and its content are designed for entertainment and information purposes only. The content available is created to provide a general overview of a topic and is not a substitute for professional services. Always seek the advice of a finance or a legal professional that would take into account your specific circumstances. Opinions expressed are solely my own. Only publicly available information has been used.
https://wn.com/🔴_33.7_Trillion_In_Debt_Who_Owns_American_Debt_U.S._National_Debt_Explained
⚫️ Find more content here:
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⚫️ I self-produce all content. If you'd like to support my channel, you are welcome to do so via:
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▪️Buy me a coffee: https://ko-fi.com/lenapetrova
▪️Shop: https://lenapetrovacpa.myspreadshop.com/
⚫️ Promos & Recommendations:
▪️ExpressVPN - Protect your internet privacy & get 3 months FREE: https://www.expressvpn.com/lena
▪️IncFile - Register your business & Receive 1 year of FREE registered agent service: https://shareasale.com/r.cfm?b=1739443&u=2891491&m=53954&urllink=&afftrack=
▪️Starting a business? You need a virtual address with IncFile: https://shareasale.com/r.cfm?b=2317452&u=2891491&m=53954&urllink=&afftrack=
▪️Birch Gold - Diversify with precious metals: https://bitira.go2cloud.org/SH3n
▪️BitIRA - Set up a new Gold IRA with Birch Gold: https://bitira.go2cloud.org/SH3o
▪️Gusto - Get $100 by signing up for THE BEST payroll provider: https://gusto.com/r/olena157
▪️Novo Free Business Banking - novo.pxf.io/rnWWJQ
▪️Canva - Easy & free graphic design: https://partner.canva.com/c/3288101/647168/10068
▪️Melio - Small business vendor/ expense payment automation: https://melio.grsm.io/lenapetrova
▪️BlueInk - 50% less expensive than DocuSign: https://blueink.grsm.io/9qkta0np39kt
▪️1Password - World’s top rated password manager: https://1password.grsm.io/on8io7ytm8o8
Disclamer:
The information provided on this channel should not be construed or relied on as professional advice for any specific fact or circumstance. This channel and its content are designed for entertainment and information purposes only. The content available is created to provide a general overview of a topic and is not a substitute for professional services. Always seek the advice of a finance or a legal professional that would take into account your specific circumstances. Opinions expressed are solely my own. Only publicly available information has been used.
- published: 28 Nov 2023
- views: 298764