The deficit is increasing one trillion every 100 days.
This is the interest on the total debt.
The reason this house of cards hasn’t collapsed already is that no one has a clue what to do if it does. There is no plan B, no fallback. Truly the emperor (i.e. the dollar) has no clothes.
Thanks for the info
“The reason this house of cards hasn’t collapsed already is that no one has a clue what to do if it does”
Please expand on that. I’m thinking that a collapse won’t be something orchestrated by government, but rather something caused by external forces that government can’t stop.
My guess is that rather than a collapse, there will be money creation to pay the way, and taxpayers will, in the final analysis, become poorer.
Getting out of excessive debt is painful.