The Money Project is an ongoing collaboration between Visual Capitalist and Texas Precious Metals that seeks to use intuitive visualizations to explore the origins, nature, and use of money.Only a few days after Trump’s inauguration ceremony, the U.S. National Debt will creep across the important psychological barrier of $20 trillion.It’s a problem that’s been passed down to him, but it certainly puts the incoming administration in a difficult place. The debt is burdensome by pretty much any metric, and the rate of borrowing has exceeded economic growth pretty much since the late 1970s Click For Video
While Wall Street celebrates the Dow hitting 20,000, there is another “20” looming that could carry significantly darker overtones.The U.S. is just weeks away from passing the $20 trillion mark in total public debt outstanding — the “national debt,” as it is more widely known.Though general concern about containing debt and deficits has waned as the nation has looked for ways to stimulate the sluggish, post-recession economy, that $20 trillion milestone could grab at least some attention. More
