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The long-term impact of growing debts and deficits

Written on Jan 28, 2021

The growing U.S. debt is an often-cited figure, but it’s valuable to consider how that number will affect American citizens in tangible terms. 

CPA Voice January/February Cover

“The big question now is whether or not the United States has the equity to return to normal after a crisis,” writes Edward Jenkins Jr., CPA, in the January/February issue of CPA Voice

Jenkins goes on to analyze the growing U.S. debt, the concomitant reduction in equity and the implications of debt growth on government and the economy as a whole. 

“Interest rates are very low, and the Federal Reserve can just print more money, so who cares if we have a lot of debt?” Jenkins writes. “Not so fast, however: there are implications to the massive amounts of federal debt outstanding.” 

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Did you know that reading CPA Voice can help you satisfy your CPE requirement? No matter your location or the time of day – and even without the benefit of electricity – you can gain CPE credit with each issue. 

Every edition includes a 12-question self-assessment exam covering content from that issue. Receive a grade of 75% or higher and you’ll earn one hour of CPE credit in specialized knowledge. 

Best of all, you can take the exam when and where it’s convenient for you. Exams remain available online – and may be completed for CPE – through the same month of the following year.