Here is an opinion piece on the United States' growing federal debt (sum of all annual deficits). It's not a pretty picture and unfortunately it seems that both Democrats and Republicans are unwilling to actually address the deficit.
As the debt continues to grow two things will make it easier to repay, higher growth in our country and a little bit of inflation. Inflation erodes the value of past debt. Unfortunately, we still need people willing to buy government bonds and unfortunately this is going to come at a cost. The U.S. already spends nearly $500 billion on annual interest rates payments servicing the debt. By some projections this could reach nearly $1 trillion by 2020 (or $3,333 per person per year).
It's not a pretty picture.
To be honest, I believe it’s always going to be like that because truth is never simple, but we just need to be extremely careful with how we go about dealing with things and make sure we keep everything very simple and straight forward and only then we will be able to get real benefit. I am incredibly lucky to be with OctaFX broker using their top facilities which include low spreads, zero balance protection, swap free account plus much more, it’s all fantastic.
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