The US is in a debt spiral.
It borrowed so much money that it has to borrow more to pay the interest on the money that was borrowed in the first place.
This is like using a credit card to pay off a previous credit card balance.
In a few decades, $35 trillion of debt will feel like nothing, just like an additional $100B of debt feels like nothing today and $100M of debt 50 years ago.
We may see the quadrillion-dollar debt level within our lifetimes 🤯🤯
rajatsonifnance / Rajat Soni, CFA
npub13w…pnp8z
2024-04-25 22:44:10
Author Public Key
npub13wl6gy2kp02zafh6vr8jfh58mzxxeza7as5mmx325xyq9x4z9rxqgpnp8zPublished at
2024-04-25 22:44:10Event JSON
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"content": "The US is in a debt spiral.\n\nIt borrowed so much money that it has to borrow more to pay the interest on the money that was borrowed in the first place.\n\nThis is like using a credit card to pay off a previous credit card balance.\n\nIn a few decades, $35 trillion of debt will feel like nothing, just like an additional $100B of debt feels like nothing today and $100M of debt 50 years ago.\n\nWe may see the quadrillion-dollar debt level within our lifetimes 🤯🤯",
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