disruptvestor on Nostr: Every decade since 1971, the U.S. has been growing its national debt. 1. In the ...
Every decade since 1971, the U.S. has been growing its national debt.
1. In the decade of 2001-2010, the U.S. added $7.9T in debt i.e. 1.4X the debt it accumulated over the duration of 1950-2000!!!
2. In the decade of 2011-2020, the U.S. added $14.2T i.e. another 1.7X of national debt that it accumulated in the previous decade of 2001-2010.
3. As per actuals from 2021 to 2023 and the 'official' estimates until 2029, the U.S. is on track to add another $16.42T to its national debt.
This will bring the U.S. national debt to $44.2T by end of this decade.
How is this sustainable?
Published at
2024-08-27 22:49:57Event JSON
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"content": "Every decade since 1971, the U.S. has been growing its national debt.\n\n1. In the decade of 2001-2010, the U.S. added $7.9T in debt i.e. 1.4X the debt it accumulated over the duration of 1950-2000!!!\n\n2. In the decade of 2011-2020, the U.S. added $14.2T i.e. another 1.7X of national debt that it accumulated in the previous decade of 2001-2010.\n\n3. As per actuals from 2021 to 2023 and the 'official' estimates until 2029, the U.S. is on track to add another $16.42T to its national debt.\n\nThis will bring the U.S. national debt to $44.2T by end of this decade. \n\nHow is this sustainable?\n\nhttps://m.primal.net/KQgq.png ",
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