When Foreign Investors Pull Out of U.S. Bonds…
As everyone is celebrating the market at record highs, another record was just broken and no one appears to be celebrating it.
Of course, I’m talking about the fact that the U.S. government debt total has just exceeded $17.0 trillion.
No one should be really surprised, since we continue running deficits each year. This just means that our government debt will continue to climb, with no end in sight.
Government debt totaling $17.0 trillion is a staggering amount of money. That equates to almost $149,000 per taxpayer. Of course, this doesn’t include unfunded liabilities. When you add in Medicare, Social Security liabilities, and a vast assortment of other levels of government debt, the total is well over $100 trillion.
Continue Reading: When Foreign Investors Pull Out of U.S. Bonds…
Also Read: NYSE Holidays 2014