Yes. But I think 8 years assumes they will attempt to soften or ward off the blow.. But right now they seem to be making things worse as both ends. Piling up more debt and lowering the potential for revenue..The cracks are showing now. I guess more like 5 years.. But thats a guess.. However, thats the timetable for the rich to protect themselves and to cash up to buy assets for a few cents on the dollar as the place goes bust and takes peoples livelihoods with it..😷

Processing a mistake that wasn't chosen honestly that cannot be rectified, choice without coercion, broke the rules that I wanted

Neither of the two major political parties care to do anything about it. That is the scary part.

Yep. Govt has mismanaged the money for years. Both parties at fault.

That is why you don't vote Democrats, they gave away everything they could not steal. Trump, however, is the answer.

Thankfully doge extended it

The country cannot keep spending more than it makes. The debt has to be paid, and there are some expenses that cannot be avoided. Thus, income has to rise.

Just for the record, the US government is ALREADY spending 39% of all tax revenue collected by the IRS just to pay the interest-only on America's $35 Trillion in National Debt. That means there is absolutely NO amount being paid down on the principal amount.

When that National Debt swells to $52 Trillion, expect the government to be spending 59% of all tax revenue collected, JUST to pay the annual interest-owing on $52 Trillion!

Right now with a meager National Debt of only $35 Trillion, the interest-owing is equal to 3.1% of America's GDP.

When America's National Debt hits $52 Trillion, the interest-owning will be equal to 4.6% of America's GDP.

And those forcelies take that system down, deliberate falseness breaks the code

Yup