US to hit debt limit on Thursday. FED guarantees special levers to maintain US spending to avoid default. In 2023 the associated fee to service national debt to turn out to be the most important expenditure, greater 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

Recent debt: $2,104,000,000,000

National debt: $26,900,000,000,000

The numbers are so huge we will’t even conceive of them.

Seriously- our brains just can’t handle numbers that big…

1 million seconds can be just over every week and a half.

1 billion seconds can be almost 32 years.

1 trillion seconds can be over 31 thousand years

So we delete a bunch of zeroes to bring it to household income levels-

Annual family income: $47,140

Money the family spent: $68,180

Recent debt on the bank card: $21,040

Outstanding balance on the bank card:$269,000

If you happen to saw anyone running their funds like this could you say they were responsible with their money? Would you’re thinking that that was a sustainable option to run a household? Wouldn’t you’re thinking that “Wow, those persons are about to go bankrupt spending like that…”

 

h/t  Qplus17

Leave a Comment

Copyright © 2024. All Rights Reserved. Finapress | Flytonic Theme by Flytonic.