Some people think that this is going to be like when the federal government shutdown in 1994. For those who remember it, it meant things like national parks were closed, several agencies were shutdown, and many federal workers got an unpaid layoff. While those things had a negative impact on the economy, a failure to . . . → Read More: What Happens if the U.S. goes into default?
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As the yearly budget deficit has grown radically during the recession, so has the total debt that the United States has accumulated in it’s 234+ years of existence. So how much does the United States owe? Well… there’s really 2 answers to that. If you want the numbers, here they are. The total US federal . . . → Read More: What is the US Debt? |
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