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Economic Pulse: Week of 4/5/24

Are we leaving this $34 trillion and rising national debt to our children to pay?

The national debt is now at $34 trillion and appears to continue to rise for the foreseeable future. This puts the national debt at 121% of the GDP, which is huge but below its record high of 133% in the 2nd quarter of 2020. And while 2020’s Covid emergency made it an exception, national debt did not exceed 121% of the GDP even during WWII. Carrying debt creates several issues, the most pressing one being interest payment.

Click here for the latest Lehigh Valley Economic Review.

Listen to Economic Pulse Fridays at 5:44 PM during All Things Considered; Mondays at 7:30 AM during Morning Edition.

(Original air-date: 4/5/24)

Dr. Kamran Afshar has a Ph.D. in Economics and has taught at graduate and under graduate levels between 1978-88. He has vast experience in economic impact studies, feasibility studies, customer satisfaction surveys, and scientific competitive analysis.
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