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    on-lain ✔ᵛᵉʳᶦᶠᶦᵉᵈ (lain@lain.com)'s status on Saturday, 24-Feb-2024 00:43:39 JSTon-lain ✔ᵛᵉʳᶦᶠᶦᵉᵈon-lain ✔ᵛᵉʳᶦᶠᶦᵉᵈ
    The US is already bankrupt.

    The federal debt is $34 trillion. Paying this back in 30 years would mean that every man, woman and child in the US would have to pay ~$450 every month. And that's without any new debt, and without unfunded liabilities (medicare etc). See https://mises.org/wire/federal-mega-debt-here-stay for the calculation.
    In conversationabout 9 months ago from lain.compermalink

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    1. Domain not in remote thumbnail source whitelist: cdn.mises.org
      The Federal Mega-Debt is Here to Stay | Jane L. Johnson
      US fiscal realities are well known. Total federal debt outstanding has now reached $34 trillion, up from $98 billion in 1981, $5.67 trillion in 2000, $13.56 trillion in 2010, and $26.95 trillion in 2020.
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