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Is The U.S. Debt Growing Exponentially?

The U.S. National Debt is growing as you read this paragraph. Take a look at the Debt Clock below that models this growth.

The Gross National Debt

If U.S. National Debt is Growing Exponentially. . .

If the debt is growing exponentially according to the exponential growth equation D = Cekt where D is the debt at time t, C is the debt at time t=0, and k is a growth constant, then debt is growing in the same way as money compounded in a bank.  There will be a fixed doubling period (See Rule of 70) and inevitably the debt will become unmanageably large.

If the debt is not growing exponentially but is growing at a rate that is more linear in nature, then perhaps there is still hope at controlling its growth.

To answer this question, watch the US Debt Video and complete the exercise at the end.

 

 

 

 

 

 

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