Explosion of US government debt

Tech 2023-05-20 21:40:29 Source: Network

Recently, US financial professionals released statistics showing that the US government debt has grown rapidly in recent years, increasing by nearly one-third compared to before the pandemic. Tesla CEO Musk also commented on the news, which sparked a heated discussion among netizens

Recently, US financial professionals released statistics showing that the US government debt has grown rapidly in recent years, increasing by nearly one-third compared to before the pandemic. Tesla CEO Musk also commented on the news, which sparked a heated discussion among netizens. Where did all the money go? Is there a ceiling on government debt?

Silver on Wall Street: When will this madness end with the rise of the US debt ceiling?

Debt 'default' is not actually the problem. The problem is other expenses.

US government revenue of $49 trillion (2022) - paying interest of $928 billion annually.

Musk: The interest expenditure on treasury bond that exceeds the national defense expenditure is a shocking threshold.

Wall Street Silver: The likelihood of interest not being paid is zero. In any case, the US Treasury will definitely pay this money first. The only problem is that if Congress does not take action to raise the limit, other types of expenses will not be paid.

There is no upper limit on debt.

Who received these interest? Country or individual?

Debt should be considered together with the growth of GDP. In 2010, it was $14.6 trillion, and in 2022, it was $23.6 trillion. The same upward pattern, so the percentage remains unchanged, increasing or decreasing. Actually, it's not that bad either.

Imagine how much your dollar wealth has increased?

Elon, you can continue building cars and rockets and leave this mess to me.

When most of their budget is paying interest on their reckless debt, it's over. Inflation has risen sharply, and the dollar is inevitably collapsing. The outcome in the United States is not good.

I like the saying 'This has never happened before, but we know it will be catastrophic'. If it hadn't happened, how would you know? Furthermore, from this graph, there is no debt ceiling.

We need leaders who can stop bleeding. Instead of spending ten years getting rid of the deficit. It's not eight years, six years, or four years. The President must commit to resolving this issue within one term. There are no losses exceeding the principal amount.

The substantial increase in 20/21 is mainly the expenditure of COVID-19. The current manager is trying to pretend that this is a new standard.

Question: Every time a government exceeds its budget, it will increase its budget. What is this called? Answer: A joke.

Did you ask this question when Trump was president? Did you ask him when he increased the treasury bond by 23% in four years??? (This is clearly a supporter of Biden)

What is the level of expenditure in the United States? Basically, it's twice their income. What if you spend twice your income? So why are they doing this?

Debt is fake news. It is not true. We can keep walking. If it were important, no one would lend as much money to the United States. Because we can't afford it, and we won't pay either. What will they do?

You know I'm not a financial expert, but I'm sure that when your debt is exponential growth and you rely on loans to repay your debt, there is no good outcome and no chance to turn back. How long can we keep it?

Democracy will fail because the poor and special interest groups inevitably vote for too many free things for themselves.

Who was the interest paid on these debts to? Where did they spend their money?

Can we abolish the Federal Reserve?

Republicans should not compromise until the Democratic Party agrees to balance the budget. I don't have much confidence that this will happen because most politicians from both parties are selfish and don't care if they will ruin our entire future!

this is it. Stop the capitalist behavior of stakeholders and repay the debts of the United States. It is these debts that make them richer and stronger than they imagined.

The debt of over 30 trillion yuan is indeed a huge number, and sometimes once people's desires are turned on, it seems that no amount of money is enough to spend. Why isn't the government like this?

Follow me and update the global number one event every day

Disclaimer: The content of this article is sourced from the internet. The copyright of the text, images, and other materials belongs to the original author. The platform reprints the materials for the purpose of conveying more information. The content of the article is for reference and learning only, and should not be used for commercial purposes. If it infringes on your legitimate rights and interests, please contact us promptly and we will handle it as soon as possible! We respect copyright and are committed to protecting it. Thank you for sharing.(Email:[email protected])

Mobile advertising space rental

Tag: Explosion of US government debt