Visitors Now:
Total Visits:
Total Stories:
Profile image
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

U.S. Government adds $587 Billion to Its Debt in 2016: Revealing a Fault-line in Democracy

Monday, October 17, 2016 13:32
% of readers think this story is Fact. Add your two cents.

(Before It's News)

The U.S. federal-budget deficit for the fiscal year that ended at the end of September, 2016, represented a reversal on the six-year run of declining deficits. The $587 billion deficit is equivalent to 3.2% of GNP; the previous year’s deficit had been $438 billion, which is 2.5 percent of the GNP.[1]The underlying reason for the altered trend has to do with democracy itself—something notoriously difficult to budge.

The full essay is at “U.S. Budget Deficit of $587 Billion.”


1. Jackie Calmes, “U.S. Deficit Increases to $587 Billion, Ending Downward Trend,” The New York Times, October 14, 2016.

Continue reading U.S. Government adds $587 Billion to Its Debt in 2016: Revealing a Fault-line in Democracy

. . . → Read More: U.S. Government adds $587 Billion to Its Debt in 2016: Revealing a Fault-line in Democracy

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.