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
    We believe our lying eyes...



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
  •