If you want to understand the catastrophic economic situation that the USA 🇺🇸 is in, you need to study the completely mind blowing size of the US national federal debt.
The total federal debt is now almost 40 trillion dollars. Which is almost six times as much as the annual budget of the federal government.
This means, that right now, as I write this, each US American owes 115.,327 dollars in federal debt. (If you read this half a day later go to the website and check out how much it has gone up since).
That is per person. So, for a core family of four, the debt is 461,308 dollars. And for that average core family, the annual interest payment is 13,000 dollars.
The worst part? The debt just keeps growing. The official annual deficit is 1,7 trilion a year out of a total federal budget of only 7,2 trillion.
For each dollar the federal government spends, 23 cents is unfunded deficit and 15 cents is interest payment.
And it actually gets even worse. Because I have not even included state and local debt in these number.
Go to this web site to see all of it:
https://t.co/CWyGlxA3jE
@olebirkolesen@martincollignon Det svarer vel til, at man ikke forhindrer sin hund i at løbe ud af haven og ud på en trafikeret vej. Jeg vil have erstatning!!!