Taking the long view of history illustrates how the national debt wasn’t always so enormous…
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Newsletter #518 – March 5th, 2021
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Visualizing America’s $28T Debt Explosion Amid Coronavirus Pandemic (Update: March 5th)
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| In March 2021, the national debt hit an eye-popping $28 trillion, coming off the back of a $2.2 trillion stimulus passed by the U.S. Congress last year and prospects for another one in the coming months.
The Congressional Budget Office expects national debt to double to 202% of GDP by 2051.
Read the Full Article & Visualization Here
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| In response to the pandemic, the U.S. Government initially sent $2T of stimulus into the economy. Nearly a year later, they’re readying another set of relief money.
Everything from direct payments to workers, guaranteed loans to small businesses, and unemployment benefits are on the table. All the activity from the first bill has been adding to the national debt, which as our latest visual illustrates, has been exploding for years. And this next bill could accelerate the move.
Read the Full Article & Visualization Here
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Source: https://sincityfinancier.wordpress.com/2021/03/05/visualizing-americas-28t-debt-explosion-amid-coronavirus-pandemic-up-5-trillion-in-4-months/
