Goodbyeeeee, we aren’t in a civil and we aren’t broke.
Yes we are dead broke!
160 trillion in unfunded off the books debt and 39 trillion on the books debt....Yeah we are busted flat broke and the US Taxpayer is all tapped out.
The current debt to GDP ratio of the US is 118.78% as of the second quarter of this year
AI: A debt-to-GDP ratio exceeding 77% for prolonged periods can indicate significant economic challenges, and ratios above 100% may suggest a higher risk of default, potentially signaling that a country is financially unstable.
I suppose it depends on the meaning of the word “broke”.
Our war for independence was largely triggered by England treating us as suppliers of only raw materials and 2nd rate subjects.
Our first civil war was caused by tariffs on the agricultural south by the industrialized north.
A third civil war will spark when we reach an economic tipping point caused by unmanageable debt. “ A hungry stomach knows no politics. “