US to hit debt limit on Thursday. FED promises special levers to keep US spending to avoid default. In 2023 the cost to service national debt to become the biggest expenditure, more than Social Security. Sound sustainable? But inflation is transitory…
The federal tax revenue / budget 2021: Tax revenue: $4,714,000,000,000 Federal budget: $6,818,000,000,000 New debt: $2,104,000,000,000 National debt: $26,900,000,000,000 The numbers are so huge we can’t even conceive of them. Seriously- our brains just can’t handle …