Roberts, Angela. “Our National Debt: $28 Trillion and Counting.” U.S. Money Reserve, 10 Feb. 2022, https://www.usmoneyreserve.com/news/executive-insights/our-national-debt-28-trillion-and-counting/.
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Summary/My Interpretation: One of the most important trends in the federal debt is examining who exactly this burden falls on. The federal debt is divided into the debt held by the US treasury and the debt held by the public. In recent years, the amount of debt held by the public has skyrocketed and has passed a 1:1 ratio with the US gdp in 2020. This figure is expected to rise to 200% within the next 25 years.
How I Plan To Use This In My Project: When discussing the debt, those who are against taking immediate action often cite the fact that the debt has not impacted daily life. However, this statement is inaccurate due to the assumption that it makes. Specifically, up until 2020 the vast majority of debt was held by the US Treasury. I plan to use this article to explain how the burden of the debt is increasingly shifting to the public, meaning that its impacts will be more severe and apparent in the near future.
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