lain on Nostr: The US is already bankrupt. The federal debt is $34 trillion. Paying this back in 30 ...
The US is already bankrupt.
The federal debt is $34 trillion. Paying this back in 30 years would mean that every man, woman and child in the US would have to pay ~$450 every month. And that's without any new debt, and without unfunded liabilities (medicare etc). See https://mises.org/wire/federal-mega-debt-here-stay for the calculation.
The federal debt is $34 trillion. Paying this back in 30 years would mean that every man, woman and child in the US would have to pay ~$450 every month. And that's without any new debt, and without unfunded liabilities (medicare etc). See https://mises.org/wire/federal-mega-debt-here-stay for the calculation.