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.
Add 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.
What was Alexander Hamiltons biggest challenge?
to pay off national debt
What problems were caused by the national debt the United States had at the end of the American revolution?
The biggest problem that was caused by the national debt of the United States of America at the end of the American Revolution was the need to create a tax system. The national debt, at that time, was mainly financed by the country of France.
The secretary of the treasury who had to deal with the challenge of paying of the national debt was?
i like butts
What countries hold the most of the USA national debt?
I know factually who holds our biggest debt; that would be China
What is America's gross national debt 2008?
Gross national- 53 trillion
What was the debt of America in 1789?
In1789 the national debt totaled more than $52 million!
What was hamiltons plan for the national debt?
By using national banks. There for when people went to the bank they had owned money. That had made America increase there debt.
What was Hamiltons plan for reducing the national debt?
By using national banks. There for when people went to the bank they had owned money. That had made America increase there debt.
The national debt can best be defined as the amount of money owed?
by the America
What does the state owe to the national government?
States have a debt of 1.2 Trillion dollars. California holds the biggest debt: 361 Billion dollars.
What was the national debt in 1791?
the national debt was something used to create national debt
How much is America's debt to China?
The national debt in China is very high. It is roughly 14.6 trillion yen. When that number is converted to USD, the number is roughly 2.3 trillion dollars.
