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US government debt is on track to surpass $50 trillion by 2033. That means $5.2 billion is piling up every day. (finance.yahoo.com)

submitted 4 months ago by [email protected] to c/[email protected]

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[–] [email protected] 4 points 4 months ago

The national debt has always been an imaginary bugbear. When compared against rates of inflation and the increasing gross tax revenue--it's been a while since I've run these numbers--the national debt amounts to something similar to a car loan. It would take about five years to pay off and that chunk of it does get paid off. In those intervening five years, the nation acquires another "car-loan" of debt proportional to the rate of inflation and the rate of increasing tax revenue.

This analysis isn't considering the trustworthiness of the United States' credit. That's another conversation.