Welcome to the $30 Trillion Club America!

According to the NYT, the US government surpassed $30 trillion in debt for the first time ever February 7th. Pop the champagne!

https://www.nytimes.com/2022/02/01/us/politics/national-debt-30-trillion.html

What a wonderful time to have this much debt! 🙂 Interest rates are clearly heading higher, perhaps significantly. What could possibly go wrong?

How did it get this way? Why did we let it happen? Does it even matter?

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Pretzel · 70-79, M

I wonder if we'll be considered "too big to fail" and get bailout from the other countries.

there's an old proverb - if you owe the bank $100 that's your problem. If you owe the bank $100 million then THEY have a problem :)

Unefilletrescurieuse · F

@Pretzel hmmm I don’t put my faith there for sure.. 🙂