National Debt isn't going to get any better

[tsptalk]

Interest Costs Will Grow the Fastest Over the Next 30 Years

Net interest payments hit a nominal dollar record of $475 billion in Fiscal Year (FY) 2022 and will nearly triple by FY 2033 to $1.4 trillion, growing to $2.7 trillion by 2043 and to $5.4 trillion by 2053. As a share of the economy, net interest will rise from 1.9 percent of GDP in FY 2022 to hit a record 3.2 percent by 2030 and more than double to 6.7 percent by 2053.

https://www.crfb.org/blogs/interest-costs-will-grow-fastest-over-next-30-years

 

[nasa1974]

It will never get better if we don't stop spending like a drunk sailor and keep reducing taxes.

 

[tsptalk]

The Dirty Truth About the "Debt Deal" and What It Means for Investors

BY PHOENIX CAPITAL RESEARCH
By Graham Summers, MBA

The U.S. passed a debt ceiling resolution in May of 2023. Both the GOP and the Democrats claimed victory for the deal, but the reality is the government won and Americans were screwed.

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How will this end? With a debt crisis of some sort. The details, for now, are unclear.

More: The Dirty Truth About the "Debt Deal" and What It Means for Investors | ZeroHedge

 

[Boghie]

It will never get better if we don't stop spending like a drunk sailor and keep reducing taxes.

The important word is 'we'.

We want this crap. The main issue is that each member of 'we' wants different crap and our politicians work deals to buy other crap if they get their crap bought. Then we keep voting them into office because they got our crap funded!!!

In the end, it is likely game over. Back in 2004 - 2006 I was able to think of possible ways out of this debt mess. Now I cannot. Just think about it, 20 years ago the overall debt was at $9 Trillion. It is now, whatever...

Our politicians are actually dumb enough to think that raising the debt limit actually matters. What will matter is when investors force higher interest rates on the Federal Gubmint to loan that crap borrower more money. Oh, wait!!!

 

[rangerray]

As a drunk sailor, though, I never made important financial decisions. Besides, I didn’t really have any money.


Scott Harrison
Senatobia, MS