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The Federal Reserve owns nearly one-third of domestically held debt.
https://www.pgpf.org/chart-archive/0312_domestic_debt_holders
Let's take a closer look at a few key characteristics of Treasury borrowing that can affect its budgetary cost.
https://www.pgpf.org/blog/2024/08/how-does-the-treasury-issue-debt
Income growth since 1979 is larger for high-income earners, even when including transfers and taxes.
https://www.pgpf.org/chart-archive/0059_income-growth-disparity
Between 1979 and 2016, income increased more quickly for high-income earners.
https://www.pgpf.org/chart-archive/0060_income-disparity-before-transfers-taxes
The population of the United States is aging rapidly. Soon we will be a nation of Floridas.
The percentage of children without health insurance has declined since 1997.
"Today’s CBO projections are the latest loud and clear warning about America’s unsustainable national debt," said Michael A. Peterson.
https://www.pgpf.org/press-release/2024/02/peterson-foundation-statement-on-new-cbo-report
The U.S. has historically devoted a larger share of its economy to defense than other members of the G-7.