Stop US Deficit Spending.com

     I have posted long term warnings since 2005 at EmpowermentResources.com about US federal government deficit spending and unsustainable heavily debt-fueled US prosperity fueled by a growing 32.4 trillion dollar US federal government debt [as of 7/7/23] and the US federal government unsustainably borrowing an estimated 1 trillion dollars or more per year including increased borrowing in 2020-2023.
     Unfortunately, in 2020-2023, US federal government deficit spending increased while the US federal government borrowed and spent extra money to cope with the deadly and costly coronavirus disease 2019 and the COVID-19 global epidemic.

     To better understand the growing US federal government debt, see America's Debt Explained in 10 visualizations.

     To better understand the severity of America's COVID-19 2020 economic recession, see the YouTube video Why The 2020 Economic Collapse Is Similar To The 1929 Great Depression.

     Debt-to-GDP ratio is a key measure of a government's debt level and its level of fiscal responsibility.  The IMF or International Monetary Fund estimates [as of 7/7/23] that the US has a high 122.23% debt-to-GDP ratio after the COVID-19 epidemic.  This IMF chart shows the changes in the US federal government's debt-to-GDP ratio from 1950-2021.


Copyright © 2023 by Ed Harding