Access the information on the current size of the cumulative

Access the information on the current size of the cumulative debt of the United States government at:

http://www.treasurydirect.gov/NP/debt/current

Based on the data provided through the U.S. Department of the Treasury, is the public debt of the U.S. government increasing or decreasing? What impact will this trend have on the budget of the federal government and on the U.S. economy as a whole?

Solution

18,958,837,318,233.62 is the total public debt outstanding as of today 25.01.2016.Public debt is increasing and will call for tighter budget and cut in govt spending

Growing federal debt also would increase the probability of a sudden fiscal crisis, during which investors would lose confidence in the government’s ability to manage the budget and the government would thereby lose its ability to borrow at affordable rates. Such a crisis would…probably have a very significant negative impact on the country.

High debt wiull waeken economy and put inflationary pressure