Tag: public debt

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Singapore, US With Highest Public Debt per Capita, China Most Indebted in BRICS: Study

July 23, 2023

Singapore, the United States and Japan top the global chart in terms of sovereign debt per capita, according to research based on U.N. data. The burden of government debt for every American is 10 times heavier than that for a Chinese citizen, according to the study. U.S. Ranks Second in the World by Debt per…
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Former US Secretary of Labor Robert Reich Urges Bypassing Congress to Raise Debt Ceiling

May 11, 2023

Robert Reich, former secretary of labor in the U.S., has called for the government to bypass Congress in order to raise the debt ceiling unilaterally. Reich states that the constitution of the U.S. gives President Biden the faculty of ignoring this debt limit, declaring it unconstitutional — explaining its existence is less significant than the…
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