Borrowing and the Federal Debt

The National Priorities Project was nominated for a Nobel Peace Prize in 2014 and currently focuses on taxes, the national debt, and government transparency.

First, information from a second source with links.

“Government Budget in the United States averaged -3.02 percent of GDP from 1948 until 2015, reaching an all time high of 4.60 percent of GDP in 1948 and a record low of -12.10 percent of GDP in 2009.” – TRADING ECONOMICS quote from their page United States Government Budget 

Now back to the NPP; this article discusses the basics to understanding the federal debt.

A few overview points are as follows though the article is an excellent resource for much more information and explanation.

  • Tax cuts in 2001 and 2003 contributing impact to deficits
  • Total federal debt listed in article as of 4 June 2015: $18.153T
  • Foreign investment in U.S. Treasury Bonds
    • China $1.3T
    • Japan $1.2T
    • Brazil $262B
    • oil exporting nations $297B
    • Caribbean banking centers $293B

The entire article and links to several others for research or study can be found through the link below.

Borrowing and the Federal Debt: Federal Budget 101

By National Priorities Project (NPP)

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s