A few weeks ago the national debt hit $40 Trillion.
That doesn't even register with most Americans, because you don't have a handle on how big that is. So consider this:
It took 240 years and five wars for our national debt to reach $20 trillion. But it only took ten more years to add another $20 trillion.
Seriously, the debt doubled in just ten years. And it's forecast to increase by another ten Trillion in just 3 years, so in ten years it's almost certain to increase by another $33 Trillion, compared to increasing by a mere $20 trillion in the previous ten years.
Part of the huge increase is due to the skyrocketing cost of the interest we have to pay on the debt. Most Americans--and most candidates for high office--don't have the faintest idea how much that is. And if you're a young American, chances are you don't have any idea either. Turns out interest payments alone are over a Trillion dollars a year.
Until recently we spent way less than a Trillion a year for defense. Now we have to spend a Trillion a year on...interest payments.
Are you starting to understand compound interest yet?
Probably not. But you will. And of course congress will do absolutely nothing to avert the inevitable, because that requires making hard decisions, which is something the shitheads in congress (and those running for congress) refuse to do.
I could tell you what will happen, but you wouldn't believe it.


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