Sunday, January 15, 2023
HomeInvestmentUS to hit debt restrict on Thursday. FED guarantees particular levers to...

US to hit debt restrict on Thursday. FED guarantees particular levers to maintain US spending to keep away from default. In 2023 the price to service nationwide debt to develop into the most important expenditure, greater than Social Safety. Sound sustainable? However inflation is transitory…


 

 

The federal tax income / finances 2021:

Tax income: $4,714,000,000,000

Federal finances: $6,818,000,000,000

New debt: $2,104,000,000,000

Nationwide debt: $26,900,000,000,000

The numbers are so large we are able to’t even conceive of them.

Critically- our brains simply can’t deal with numbers that huge…

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

1 billion seconds can be virtually 32 years.

1 trillion seconds can be over 31 thousand years

So we delete a bunch of zeroes to convey it to family revenue levels-

Annual household revenue: $47,140

Cash the household spent: $68,180

New debt on the bank card: $21,040

Excellent steadiness on the bank card:$269,000

If you happen to noticed anybody operating their funds like this may you say they have been accountable with their cash? Would you suppose that was a sustainable option to run a family? Wouldn’t you suppose “Wow, these persons are about to go bankrupt spending like that…”

 

h/t  Qplus17



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