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Washington is using a familiar script: Sanctions, then threats. Next comes force – under a trumped-up false pretext Read Full Article at RT.com
American imperialism may be absolutely lawless and perfectly immoral but it does have its favorite and predictable routines. One of them is what can be called the Washington Three-Step of ‘blockade, … [+7364 chars]
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Debt held by the public measures what the government owes to outside investors, while total public debt outstanding also includes intra-governmental holdings, which is money one part of the government owes to another.
The Congressional Budget Office identifies increased spending on Social Security and Medicare due to an aging population, alongside rising interest costs on existing debt, as the main drivers.
The current ratio has surpassed 100%, moving toward the all-time record of 106% set in 1946 following World War II.