It actually puts us a bit closer to $41 trillion at the end of this year than $40 in my estimation.
It takes us to $53 Trillion by 2030, just four years from now.
Then we add another $20 trillion, almost half of the entire current debt, in only the next 5 years after that reaching around $75 trillion.
This obviously won’t be a straight line and there will be sharp years and shallower ones, but they will both be “sharp” and “shallow” in respect to how enormous their addition to the debt is. Not there there will be any pause or reversal in this trend… in any respect whatsoever. A literal revolution would need to occur to turn this around.
quoting🚨US public debt is SKYROCKETING:
nevent1q…tur6
At the current pace, we’re on track to hit $40T this year.
Since 2020 alone: $15 TRILLION added.
Debt-to-GDP now sits at 124% : near historic crisis highs.
And this isn’t slowing down.
• Annual deficits ≈ $2T+
• Interest costs exploding
• Recession = automatic debt surge
The real question isn’t if this grows.
It’s what breaks first when it does.
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