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)
According to an article from the Economic Times (article link) China has supported the development of approximately six million start-ups between March and August of this year. Incentivized by cutting taxes/fees and lending, start-ups have focused in areas of e-commerce this falls in line with China’s hopes of shifting away from an export dependent economy as growth slows. Further reading on this topic can be found via links within the article.
Amid concerns of China selling off U.S. Treasury Bonds some may have lost sight that China is attempting to soften depreciation of its own currency.
Why China is selling our treasury bonds
Article by Andy Uhler – General Assignment Reporter
Resource links from the Australian Government-Department of Foreign Affairs and Trade; links include full text (17 Chapters and related Annexes), by chapter, and related documents
In depth analysis of economic conditions in China and recognition of economic similarities in other nations.
The Bubble Bubble is produced by economic analyst and Forbes contributor Jesse Colombo
Link is no longer functional however @TheBubbleBubble has linked this article from twitter.