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Economy

Politicians constantly panic about the US national debt. But who actually owns the vast majority of it?

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Politicians constantly panic about the US national debt. But who actually owns the vast majority of it?

Politicians constantly panic about the US national debt. But who actually owns the vast majority of it?
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Japan possesses the highest national public debt in the developed world, routinely hovering around two hundred and sixty percent of their entire gross domestic product.
Economy

Japan possesses the highest national public debt in the developed world, routinely hovering around two hundred and sixty percent of their entire gross domestic product.

Japan possesses the highest national public debt in the developed world, routinely hovering around two hundred and sixty percent of their entire gross…

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Issuing government bonds is borrowing from grandchildren
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Issuing government bonds is borrowing from grandchildren

Nothing screams fiscal responsibility like forcing future generations to foot your current grocery bill. Treasuries issue formal IOUs to fund immediate…

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Credit card companies love it when you only pay the "minimum payment" each month. This mathematically guarantees:
Economy

Credit card companies love it when you only pay the "minimum payment" each month. This mathematically guarantees:

Credit card companies love it when you only pay the "minimum payment" each month. This mathematically guarantees:

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Global debt has ballooned to over 300 trillion dollars, a figure that massively outweighs the total amount of actual, physical money and easily accessible liquid assets that currently exist on planet Earth.
Economy

Global debt has ballooned to over 300 trillion dollars, a figure that massively outweighs the total amount of actual, physical money and easily accessible liquid assets that currently exist on planet Earth.

Global debt has ballooned to over 300 trillion dollars, a figure that massively outweighs the total amount of actual, physical money and easily accessible…

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United States debt ceiling is an arbitrary legislative limit created in 1917 that restricts how much money the federal government can borrow to pay for expenses it has already legally authorized.
Economy

United States debt ceiling is an arbitrary legislative limit created in 1917 that restricts how much money the federal government can borrow to pay for expenses it has already legally authorized.

United States debt ceiling is an arbitrary legislative limit created in 1917 that restricts how much money the federal government can borrow to pay for…

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When US debt exceeds the country's yearly output
Economy

When US debt exceeds the country's yearly output

At a certain point, the numbers get so big they stop feeling real. The US national debt has ballooned past $34 trillion, meaning the government owes…

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