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Nations worldwide are grappling with the unsustainable nature of social-democratic welfare states, plagued by questionable economics and outdated demographic models. Explore the evolution of federal debt held by the public from the Revolutionary War era to the present day, highlighting the shifting landscape of financial obligations. Gain insights into the implications of entitlement spending and the urgency for policy reforms to address this looming crisis on a global scale.
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www.AsteroidsClub.org Common Threats Make Common Ground
“All over the world, nations are coming to terms with the fact that the social-democratic welfare state is turning out to be untenable and unaffordable, dependent upon dubious economics and the demographic model of a bygone era."
Federal Debt Held by the Public, 1790-2050 Revolutionary War Debt as % of GDP Source: Congressional Budget office, Alternative Fiscal Scenario
Federal Debt Held by the Public, 1790-2050 Civil War Debt as % of GDP Source: Congressional Budget office, Alternative Fiscal Scenario
Federal Debt Held by the Public, 1790-2050 WW-I Debt as % of GDP Source: Congressional Budget office, Alternative Fiscal Scenario
Federal Debt Held by the Public, 1790-2050 WW-II Debt as % of GDP Source: Congressional Budget office, Alternative Fiscal Scenario
Federal Debt Held by the Public, 1790-2050 ??? Debt as % of GDP Source: Congressional Budget office, Alternative Fiscal Scenario
Federal Debt Held by the Public, 1790-2050 Baby Boomer Retirement Debt as % of GDP Source: Congressional Budget office, Alternative Fiscal Scenario
www.AsteroidsClub.org Common Threats Make Common Ground