3 charts that show why the US should stop ignoring its debt problem [CNBC]
Comcast Corporation - Class A (CMCSA)
Last comcast corporation - class a earnings: 4/30 07:00 am
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Source: CNBC
In June, the Congressional Budget Office estimated federal debt held by the public will rise from 78 percent of GDP at the end of this year to 96 percent in 2028. The IMF warned that now is the time for investors and policymakers to pay attention to growing debt, singling out the United States. By most measures, the U.S. economic outlook is bright. GDP (gross domestic product) growth could exceed 4 percent in the second quarter, unemployment is at decade-lows and wages are ticking up. But one figure paints a darker picture: U.S. national debt. Gross federal debt stands at a massive $21.2 trillion. Economists and policymakers are increasingly urging the U.S. government to address the debt now while the economy is on solid footing and before the next crisis hits . Even if you think that public debt just doesn't matter to economic outcomes, the thing you have to admit is that when we hit a downturn, governments are less likely to take significan
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- CMCSA's page on the SEC website