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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (144639)12/13/2018 8:29:14 AM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 220345
 
If no one noticed the greatest achievement of Trump administration is that the US is now in a national debt trap with few chances of an exit.

Yes, all can work smoothly until the trust of the people worldwide will evaporate and that seems sooner than later.

US GDP around $19.6 Trillion compared to US National Debt:
as of Monday, the nation’s debt stood at a record $21.9 trillion.

Total public debt outstanding has jumped by $1.36 trillion, or 6.6 percent, since the start of 2018, and by $1.9 trillion since President Donald Trump took office, according to the latest Treasury Department figures. The latter figure is roughly the size of Brazil’s gross domestic product.

GDP growth does not match debt growth with below 4% unemployment and record hydrocarbon exports.
So where would be the way out of the debt trap?