Can you explain what this new debt can cause? I keep hearing that the world as we know it is going to come to an end, thanks to recessions and whatnot caused by debt, but I wonder what looking at boggingly large numbers helps in terms of, how can I tell if we're getting closer to that just by the chart? Or better yet, can it tell if we're moving away from such tragedy?
The effects of all of this debt being accumulated cannot really be summarized in a post, however it is obvious that any new debt taken by the government weakens it and there are many countries that are reaching the limits as a great deal of debt was created in 2008 to solve the crisis, but the sad part is that they did not solve anything they just made the losses that were suffered by a few to become the losses of everyone, not only this was immoral they only delayed the inevitable which is a crisis even bigger than the one we saw in 2008.
We don't get the truth out of the government, the suffering of the common people doesn't matter big. If some of the companies face a hard time, automatically the government helps with sanctioning funds. Maybe that is helpful in building the economy, but it keeps on weakening the common people. From my view the economic growth from the common people is the true growth of the country.