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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    For the first time in history, a serious threat threatens US economic security

    Rocky
    Rocky
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    For the first time in history, a serious threat threatens US economic security Empty For the first time in history, a serious threat threatens US economic security

    Post by Rocky Wed 13 Feb 2019, 3:52 pm

    For the first time in history, a serious threat threatens US economic security %D8%A8%D9%86%D9%83-%D8%A7%D9%85%D8%B1%D9%8A%D9%83%D9%8A-668x350

    [size=32]For the first time in history, a serious threat threatens US economic security[/size]

    [rtl]Views[/rtl]


    [rtl]Direction / Continue[/rtl]
    [rtl]The US public debt for the first time exceeded $ 22 trillion, what experts saw as evidence that the country was on an unsustainable financial path that could endanger the economic security of every American.[/rtl]
    [rtl]The US Treasury reported that the US public debt amounted to 22.012 trillion dollars, an increase of 30 billion dollars from last month.[/rtl]
    [rtl]US media reported that US debt rose more quickly after passing a tax law, more than a year ago the US economy was costing $ 1.5 trillion, which included severe tax cuts, which President Donald Trump had promised to implement.[/rtl]
    [rtl]In addition, Congressional efforts to increase spending on domestic and military programs have added more than $ 1 trillion in debt over the past 11 months alone.[/rtl]
    [rtl]"Getting to this unfortunate point so quickly is the latest sign that our financial situation is not only unbearable but is rapidly worsening," said Michael Peterson, chief executive of Peter J. Peterson, a non-partisan organization to address the challenges facing the United States. .[/rtl]
    [rtl]Peterson attributed the growing public debt to the "lack of structural consensus between spending and revenue," pointing out that the biggest factors affecting this is increasing the aging population, rising health care costs, and increasing interest payments.[/rtl]
    [rtl]Other economists say that growing public debt should be a cause for concern. For Americans, it means that interest rates for consumers and companies will rise over time and could affect government spending. When debt is large the government may be unable to raise spending to counter the next recession, Or allocate more funds to rehabilitate labor hands and help the poor.[/rtl]


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