The $34 trillion U.S. debt is nearly as big as the economy and there’s (still) no plan to fix it (Goldman Sachs, International Monetary Fund, and the Congressional Budget Office are the latest to warn it's a looming problem) - Upgoat

The $34 trillion U.S. debt is nearly as big as the economy and there’s (still) no plan to fix it (Goldman Sachs, International Monetary Fund, and the Congressional Budget Office are the latest to warn it's a looming problem)
submitted by Joe_McCarthy to OccidentalEnclave 2 weeksMay 2, 2024 15:43:22 ago (+4/-4) (OccidentalEnclave)

[ - ] Panic 2 points 2 weeksMay 2, 2024 17:28:03 ago (+2/-0)

2023 NUMBERS:

us gdp = $27.36 trillion
us national debt = $33 trillion

We are upside down. Doomed.

[ - ] Spaceman84 1 point 2 weeksMay 2, 2024 21:10:35 ago (+1/-0)

Business and personal debt is tens of trillions more. The total debt of the United States was last estimated to be $96T but that is out of date. The government is just one third of the house of cards.

[ + ] DeusExMachina

[ - ] DeusExMachina 1 point 2 weeksMay 2, 2024 22:24:32 ago (+1/-0)

Don't forget the derivatives which will probably doom us all at some point.

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