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Since the start of this year, total US debt is now up by a whopping $2 TRILLION. In other words, the US has added an average of $6.3 billion of debt PER DAY for the last 316 days in a row. This means that the US government now holds $108,000 in debt for EVERY American. Deficit spending as a % of GDP is currently up to World War 2 levels while the Fed calls for a “soft landing.” We are in desperate need of a change right now, we are on an unsustainable fiscal path. What’s the long-term plan here? submitted by /u/XGramatik |
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