BREAKING:
The United States Federal Government's debt 🇺🇸 continues to hit records and is now in the range of $34-36 trillion.
Since the COVID-19 pandemic in 2020, total debt has increased by about $6-9 trillion.
Projections indicate this debt could approach $40 trillion in the next few years, as the budget deficit continues.
THIS INCREASE IS DRIVEN BY:
Large economic stimulus during the pandemic
Annual government deficits. Increasing debt service costs.
Conflicts like the Russia-Ukraine War also, these factors continue to add additional pressure.
THE POINT:
The rising debt trend is real, and its impact could be significant on the global economy and markets.
Is fiat a scam?
What are your thoughts?
The United States Federal Government's debt 🇺🇸 continues to hit records and is now in the range of $34-36 trillion.
Since the COVID-19 pandemic in 2020, total debt has increased by about $6-9 trillion.
Projections indicate this debt could approach $40 trillion in the next few years, as the budget deficit continues.
THIS INCREASE IS DRIVEN BY:
Large economic stimulus during the pandemic
Annual government deficits. Increasing debt service costs.
Conflicts like the Russia-Ukraine War also, these factors continue to add additional pressure.
THE POINT:
The rising debt trend is real, and its impact could be significant on the global economy and markets.
Is fiat a scam?
What are your thoughts?
