Results 1 to 4 of 4

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



  2. Remove this section of ads by registering.
  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 Swordsmyth View Post
    You only want the freedoms that will undermine the nation and lead to the destruction of liberty.



Similar Threads

  1. Replies: 57
    Last Post: 10-12-2013, 05:28 PM
  2. Rick Perry Texas' debt growing faster than Federal debt
    By realtonygoodwin in forum 2012 Presidential Election
    Replies: 1
    Last Post: 08-15-2011, 02:04 AM
  3. Worried about U.S. debt? Send your donation here
    By JXL78 in forum Economy & Markets
    Replies: 6
    Last Post: 11-16-2009, 05:12 AM
  4. Replies: 7
    Last Post: 07-27-2009, 09:43 PM
  5. Replies: 15
    Last Post: 07-08-2009, 09:44 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •