What Are the Dangers of Too Much Debt?
Students: Hear Antony Davies live at the Exploring Liberty lrnlbty.co or Scholarship and a Free Society Seminar lrnlbty.co this summer Interest payments on US government debt are three times spending in the Iraq and Afghanistan wars already, and that is with the lowest interest rate we have seen since the 1960s. A rise in interest rates would increase interest payments dramatically. What can the US government do today to prevent a crisis from happening when interest rates go up? Watch more videos: lrnlbty.co
MANILA IMPERIAL MOTOR SALES
Top 15 Holders of US Public DEBT – Whom does the US owe?
Top 15 Holders of US Public Debt – Top Creditors From whom does the US borrow money to fund its programs and services? © The Economist www.cnbc.com 1. The Federal Reserve 2. China 3. Other Investors/ Savings bonds 4. Japan 5. Pension Funds 6. Mutual Funds 7. State and Local Governments 8. United Kingdom 9. Depository Institutions 10. Insurance Companies 11. Major Oil Exporters 12. Brazil 13. Caribbean Banking Centers 14. Taiwan 15. Switzerland
Obstacles in US debt talks
Politicians in the United States are arguing over how to avoid what is being described as a catastrophic event for the economy. There was a deal to raise the country’s $14.3 trillion debt ceiling. But now, the Republicans are demanding cuts in government spending in exchange for their support. Al Jazeera’s John Terret explains.