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Thread: Fed Chairman Powell says he is 'very worried' about growing amount of US debt

  1. #1

    Fed Chairman Powell says he is 'very worried' about growing amount of US debt

    Fed Chairman Powell says he is 'very worried' about growing amount of US debt

    • Total U.S. debt is about $21.9 trillion, of which $16 trillion is owed by the public. The sustained annual U.S. deficit is now believed to be more than $1 trillion.
    • In part because of continued rate increases under Powell, the interest cost on that debt could start to become a bigger and bigger burden.

    https://www.cnbc.com/2019/01/10/fed-...f-us-debt.html



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  3. #2
    Quote Originally Posted by enhanced_deficit View Post
    Fed Chairman Powell says he is 'very worried' about growing amount of US debt


    • Total U.S. debt is about $21.9 trillion, of which $16 trillion is owed by the public. The sustained annual U.S. deficit is now believed to be more than $1 trillion.
    • In part because of continued rate increases under Powell, the interest cost on that debt could start to become a bigger and bigger burden.

    https://www.cnbc.com/2019/01/10/fed-...f-us-debt.html
    Great timing for the Fed to display such heartfelt concern.

  4. #3
    Quote Originally Posted by enhanced_deficit View Post
    In part because of continued rate increases under Powell, the interest cost on that debt could start to become a bigger and bigger burden.
    Highlighting the absurdity of paying interest on money created out of thin air.

  5. #4
    Well, @Zippyjuan? Here's your boss contradicting you again. Didn't you get the memo yet?
    Quote Originally Posted by angelatc View Post
    There's not a liberty lover on the planet who isn't called a liberal by the right, and a con by the left.
    Quote Originally Posted by Swordsmyth View Post
    I don't really care if I happen to be wrong about your positions, you are wrong about mine.



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