The United States’ $18 Trillion Debt

In this tough economy, it comes as no surprise and no relief either when you hear that your own country is in debt, and that too, a whopping $18 trillion. No matter how hard the government tries to evade it, or hide it, the truth finally does come out. The last time the debt on the US decreased was in 1957, and that is half a century ago, a long time. Politicians, and government officials will have us believe, that the debt will disappear by increasing taxes, but the truth is, that just by raising taxes, there is no way the government can actually pay off the debt (that’s how big the numbers are). There is a great info graphic, that goes into detail with the facts about it, here is a link to it.

The United States’ $18 Trillion Debt

Karan Chopra

Karan Chopra

Karan is an internet enthusiast, who loves to explore every second thing in both technology and business.

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