0
The biggest challenge with the national debt in the United States is paying it down to a sustainable, healthy level. As a result of the recent recession, the U.S. government has been forced to prop up the economy by introducing hundreds of new programs and tax cuts in order to spur economic growth. The Federal Reserve has also been forced to keep interest rates on borrowing low, in order to keep the cost of the debt lower and stimulating borrowing for people whom wish to buy homes and automobiles.
Still curious? Ask our experts.
Chat with our AI personalities
Devin
Taiga
EzraAdd your answer:
Earn +20 pts
What are the most common debt solutions?
The most common debt solutions include debt consolidation, debt management plans, debt settlement, and bankruptcy. Each option has its own pros and cons, so it's important to carefully evaluate which solution best fits your financial situation and goals.
What are some examples of debt recovery agents?
Some examples of debt recovery agents are Rocket Lawyer, Cedar Financial, Money Help, and Experian. Each of these companies have debt recovery agents.
What is the distance that light travels during the time that earth revolves around the sun once?
That would be 186,000 miles per seconds times 60x60x24x365.25=5.8 trillion miles-- a lot less than America's debt right now!
Is debt a vector or scalar quantity?
Debt is a scalar quantity as it represents a single numerical value (the amount owed) without a specific direction or orientation.
How much debt is Kenya in?
As of 2021, Kenya's total external debt stood at around $36 billion. However, it's important to note that the country's debt levels can fluctuate due to various factors such as borrowing, repayments, and economic conditions.
