- Total US debt including all forms of government, state, local, financial and entitlement liabilities comes close to 2,000% of GDP, according to AB Bernstein.
- The biggest potential load comes from entitlements, but is being pressured from rising levels of federal government debt as well.
- The warnings about potential debt hazards come as the total federal debt outstanding has surged to $22.5 trillion.
- A debt reform advocate says now is the time for the U.S. to tackle the issue, before recession hits.
is the blog of an Orthodox Christian and is published under the spiritual patronage of St. John of San Francisco. Topics likely to be discussed include matters relating to Orthodoxy as well as other religious confessions, politics, economics, social issues, current events or anything else which interests me. © 2006-2024
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