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U.S National Debt Is Spiralling Out of Control

U.S National Debt Is Spiralling Out of Control

Published 1 week, 2 days ago
Description

Federal government borrowings have sky-rocketed, the US National Debt is approximately $36 Trillion dollars today. It costs tax payers $800 Billion a year just in interest. That’s more than the cost to fully fund Medicare.

The federal government themselves admit it’s on an ‘unsustainable path.’

So what's going on with US government debt, the debt ceiling and what might happen next.

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Disclaimer:
The information in this video is general information only and should not be taken as constituting professional advice from Hamish Hodder.
Hamish Hodder is not a financial adviser. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances.
Hamish Hodder is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by use of this video.

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