Tag Archive tsunami 2004

How to avoid a tsunami of public debt

September 17, 2021 Comments Off on How to avoid a tsunami of public debt By admin

The United States government’s $3.9 trillion debt will hit $4 trillion in 2028, a year after it is set to go into the red, according to a new report.

The debt, which will be around $9.6 trillion by then, is a sharp departure from what the U.S. government has been able to collect from the private sector, with a $3 trillion debt to GDP ratio over the past three decades.

In a statement, the Government Accountability Office (GAO) warned that “a debt crisis will not be solved in 2023” by “just spending more.”

The agency also said that there are “unavoidable risks” to the country’s finances from a tsunami.

The debt was built up in the 1990s as the economy boomed, but has ballooned to more than $9 trillion by now, with interest payments of more than 30% of GDP, according the GAO.

The new report estimates that the U!


will be facing “an unprecedented wave of public sector debt” by 2023.

The total amount of debt that will be outstanding, according this analysis, will be $9,867,632,946, or $5.4 trillion.

The GAO estimates that interest payments on that debt will total $5,942,749,908, or about $3,400 per person.

The United Nations predicts that the debt will reach $10 trillion by 2030.

The GAO, which released its report in early February, said that “there are many unknowns” that must be taken into account before the U’S.

can get to the debt-to-GDP ratio goal.

For example, it noted that it does not yet know how many of the $5 trillion in public debt the U has currently accumulated will be discharged by 2028.

It also noted that the GAOs assessment was based on a projection that was not updated for years, and that the federal government is not taking into account inflation.

The U.N. has already predicted that the country will be saddled with $11 trillion in debt by 2030, with some $5 billion in that total projected for interest payments.

In a related report, the International Monetary Fund (IMF) said that the public debt will be a “serious obstacle” to sustainable economic growth.

Its annual report said that debt is a “key source of uncertainty” in the future, adding that it is difficult to estimate the public sector’s overall debt because it does too little to accurately reflect the true size of the debt.

In the report, IMF economist Paul Krugman argued that public debt is the most important factor to consider when calculating future economic growth because “the more debt there is, the greater the likelihood that we will have an economy that is unable to grow.”

The IMF’s calculations have been challenged by others, including the IMF itself, which has argued that “debt levels are only a small fraction of economic output.”

As the debt continues to rise, the IMF has said that it will “reconsider the sustainability of debt levels in a number of important economic policy areas.”


Which tsunami was worse?

August 6, 2021 Comments Off on Which tsunami was worse? By admin

The 2004 tsunami killed almost 5,000 people in Japan and is the worst natural disaster to hit the country since the 2011 earthquake and tsunami.

In the United States, the 2010 tsunami caused more than 4,100 deaths and destroyed thousands of homes.

This year, there are still no official estimates on how many lives were lost in the tsunami.

But with the numbers in Japan coming down, the number of fatalities is expected to be in the hundreds, not the thousands.


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