Martine de Bono on LinkedIn: Notice the total U.S. debt and deficit below from the US Debt Clock, now… (2024)

The U.S. government debt is currently 129% of GDP, and the annual cost of servicing this debt has risen by approximately 90% since 2011 due to increasing debt and higher interest rates.Economists have different views on the debt ceiling: some argue that it promotes fiscal responsibility, while others believe it should be structured differently, allowing for more automatic increases in line with approved spending. Interestingly, the U.S. is one of the few countries that still has a debt ceiling in place globally.What're your thoughts on the debt ceiling? Comment below

Mac10@SuburbanDroneThe debt:GDP ratio is above 100% for the first time in history.The deficit is 6%, GDP growth is 1%. Debt is growing 5% faster than GDP in expansion.Any effort to rein in spending now will backfire and push the economy into recession.Debt will explode.Again.https://lnkd.in/gkbyJvMp

A record $8.9 trillion of government debt will mature over the next year.Meanwhile, the government deficit in 2024 is projected to be $1.4 trillion.This means that someone will need to buy more than $10 trillion in US government bonds in 2024.That's nearly ONE THIRD of all outstanding US federal debt right now.All while the Fed is expected to start cutting rates, making buying these bonds less attractive.

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Interesting read on the constant upward trend of U.S. debt ceiling. The article explores impact of recent increase in the debt ceiling on the banking and capital markets. On June 1, Senate passed the bill allowing to raise debt ceiling, preventing first-ever U.S. default.Visualizing debt trends is interesting to see and raises the question of why a sustainable solution to manage the national debt is still non-existent? In fact, is a debt ceiling needed at all? Should government better manage expenses? Or perhaps raise taxes?‎مد رجولك على قد لحافك#DebtCeiling #Banking #CapitalMarkets #Financial #USDebt

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Next problem...."The Debt Ceiling"? Base rates in the US went up to 5.25% last night, but attention is now moving away from rate rises and on to the risk of deadlock in government over the next few weeks over the "the debt ceiling".The US debt is now $31 trillion and the deficit was over $1 trillion in 2022 alone...US debt to GDP is now 129%, which is a level not seen even at the height of WW2 (chart below).In more normal political times, it has been a fuss over nothing trying getting the consents in place to increase the public debt, but the view has been for a while that one day, this may become a problem....let's see how it plays out.One unlikely (?!) solution that has been put forward has been the minting of a $1 trillion platinum coin and using that to pay the bills....extraordinary times eh... https://lnkd.in/eHgWgdkE

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JUST IN: US National Debt is now up a massive $1.5 trillion since the debt ceiling “crisis.”Over the last 3 months alone, the US has added $500 billion PER MONTH to the national debt, on average.Over the last 5 years, US debt is up a whopping 54%.Meanwhile, YTD interest expense just passed $800 BILLION.These numbers are so large it’s hard to believe.This is a crisis.The US just released their latest budget report for August.CBO estimates now show a $2 trillion deficit next year.Spending is simply out of control.We're digging through the numbers and will be posting the highlights.Follow us @KobeissiLetter for more as this develops.

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The U.S. Treasury has no limits on debt (despite the illusion of Congressional control) because the dollar world reserve currency status is backed by the full faith and credit of the U.S. military and the capacity to destroy any competing currencies and if necessary, all planetary civilizations.And to ensure adequate military staffing, ringing the dinner bell for the poor, tired, huddled masses of earth to emigrate to the U.S. is effective, with the added benefit of further weakening the civilization, making resistance futile.It's in the region of ignorance that tyranny prospers. A population of tired, poor, huddled, ignorant people is optimal for the oligarchs and their loyal sycophants, and deeply satisfying (for them).It's not complicated.ALL Time and Energy are BEST spent constructing the hyper-localized, collaborative, regenerative, sustainable, defended New.The Fourth Turning.This is a GenAI response.

🇺🇸Total US debt rises by $275 billion in ONE DAY to a record $33.44 trillion, according to Zerohedge.Exactly 2 weeks ago, total US debt hit $33 trillion for the first time ever.This means that the US has added $32 billion in debt per day for the last 2 weeks.At the current pace, the US will add $1 trillion of debt in a month.The debt ceiling “crisis” is far from over.

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Total US debt rises by $275 billion in ONE DAY to a record $33.44 trillion.Exactly 2 weeks ago, total US debt hit $33 trillion for the first time ever.This means that the US has added $32 billion in debt per day for the last 2 weeks.At the current pace, the US will add $1 trillion of debt in a month.The debt ceiling “crisis” is far from over.

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