America's Debt Has Started Feeding Itself.

By Casual Finance

Community Score: 50% | 19.9K views | 3w

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America is now trapped in a problem it created. The country's debt gets more expensive because it gets bigger, and bigger because it gets more expensive. For every $1 the government collects, about a ~$1.37 goes out the door. The missing ~37 cents is borrowed, and the borrowing comes with a cost of its own. It's a shortfall covered with debt, year after year, until the cost of covering it quietly became one of the biggest costs for the government.

Tags: finance, stock market, financial markets, business, business videos, finance videos, debt markets, economics

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