It gets really scary to think about when you consider that the total national debt didn’t reach $1 trillion until 1980.
Even scarier when you factor in the strength of the US dollar. That debt is in US dollars. An incredibly large real value impossible to pay off with austerity alone. Just a matter of how many die in the chaos to follow and how many states will remain in the union.
Correct. Not 10 minutes ago, I explained to someone that we just exceeded, in 6 months, what took the previous 204 years between 1776 and 1980 to amass.
That puts us at approximately 408x those days. And those were the good old days, comparatively-speaking.
And it’s only going to get worse, faster.