The official US national debt is $40 trillion. That number is a lie.
The government uses accounting rules that would get a CFO arrested.
Unfunded Social Security and Medicare promises over the next 75 years: more than $400 trillion. None of it is on the balance sheet.
A public company must book future obligations yet the government just doesn't.
Promises that can't be paid honestly get paid dishonestly: with printed money.
The fact this does not blow up the US Dollar shows you how enchanted (or regarded) the majority of people are.
“Trust me I buy my own debt by printing my own currency, that you can earn yield in when you buy my debt. It’s safe!”
Fascinating.
Bessent: “We will grow our way out of debt.”
Real GDP growth:
2023: +2.9%
2024: +2.8%
2025: +2.1%
2026: +1.5% (Q2 annualized)
US debt growth:
2023: +7.2%
2024: +6.9%
2025: +6.1%
2026: +7.5% (last 12 months)
Debt is growing 2–3× faster than the economy.
You don’t grow your way out of debt when the debt is outrunning growth every single year.
It’s not looking good.
It's utterly ridiculous that we have all these supposed billionaire geniuses running around, and their greatest innovation of our lifetime has been stealing our personal data to sell us targeted ads.