U.S. Debt: The Next Financial Crisis?
As the U.S. economy has mainly recovered from the 2008 Financial Crisis, with unemployment below 5%, inflation below 2%, and the stock market near all-time highs, there is growing concern about the huge amount of U.S. government debt, which today stands at over $20 Trillion dollars and 106% of Debt/GDP. Could this be the next thing to derail the U.S. economy, and in so doing, negatively affecting nearly every other country in the world? This paper reviews the size and scope of the U.S. National Debt in it’s historical context. There are three reasons to be alarmed about this, especially now. First, the annual budget deficit, which had been shrinking in the later years of the Obama administration, is once again on the rise. Second, the Repu... Ver más
2522-3054
2521-8301
2
2018-06-22
72
83
http://purl.org/coar/access_right/c_abf2
info:eu-repo/semantics/openAccess
Journal of Economics Finance and International Business - 2018
