National debt nearly $37 TRILLION; interest alone is $1.2 trillion this year
The average American can't divide 825 by 25 without a calculator--and you know it's true. I've had college students who couldn't multiply 3 times 8. Seriously. Often.
Lots of young Americans can't tell you how many millions in a billion, or how many billions in a trillion. Such huge numbers are simply abstractions that have almost no meaning to most people.
So with that depressing background: The U.S. government debt is almost $37 TRILLION...and as every American should know, we have to pay interest on every borrowed dollar of that massive debt. Last fall the yearly interest was forecast to be a TRILLION dollars--and of course the government must ALSO borrow the money to pay that interest, since the government every year the government spends more than it takes in.
Just four months into this year, the interest is now $1.2 TRILLION. Just the interest has risen by $200 BILLION.
If you didn't know all the above, that may be because the Media and most government officials don't want you to know. And since continuing on this path will absolutely destroy the country, you might well be curious as to WHY they don't want you to know.
It's because they want to continue to spend, spend, spend. It gives 'em power, and vast opportunities to make money from that power. More on that later.
For decades the grifters and scammers--who want to keep spending taxpayer money because it gives 'em power and money--have conned you into ignoring the massive debt by disguising it as "debt-to-GDP ratio." Since GDP usually grows 2 or 3 percent per year, the grifters could spend that much more each year without raising the "debt-to-GDP ratio." "So ebrything jus' fine, stupid deplorables!"
Except they weren't satisfied with increasing spending by a measly 2 or 3 percent every year. Instead they spent hundreds of billions more each year. Then they started increasing the debt by over a TRILLION DOLLAR A YEAR. "But don't worry, dumb deplorables! Just keep payin' yo' taxes an' watching duh tee-vee an' leave duh financial stuff to us grifters!" Take a look at how that worked out:
People who study government spending but aren't in on the grift say that when the "debt-to-GDP ratio" is above 77% or so, it's the start of bad shit. That 77% is the horizontal red line above. Study it.
But of course you won't. Oh you'll look at it, but as far as most Americans are concerned, it's no more meaningful than the diameter of a virus compared to the pore size in a mask (Fauci's bullshit "Masks will prevent...").
No politician has the balls to do what has to be done to save the United States. And even if such a person were president, congress and shitty, unelected liberal judges would block every effort to save things. Which is exactly what you've been seeing for the last 100 days.
In nature, stupid animals are killed by predators. But you're not stupid, right? You're a Hahvahd graduate, read the NY Times and the WaPo, and know all the cool restaurants in DC. You're cool! So you'll be fine, right?
The people ruling this country don't even get that far. They simply refuse to see the problem.
If I had kids, or was 20 years old, I'd be really concerned. But neither of those applies, so I only care in that distant, academic way that you'd care if a classic statue or painting was destroyed by vandals. "Gee, that's sad! What's on TV tonight?"
I could tell the grifters what they need to do to fix it, but they wouldn't listen, so why bother, eh? Just have another drink and watch the shitshow.
SO,...before I sign off, take a look at the table below. It's the national debt from 1929 to last year. Pay no attention to the right-hand column, as the table is from a Democrat-fellating outfit, so they often cover for the grifters to mislead you into thinking something caused a big increase in the debt, but it didn't. Classic leftist bullshit: Distract and lie.
The national debt reached one trillion in the first months of 1982. In the 43 year since then it's risen to just under $37 trillion. But it's increasing exponentially: instead of averaging a little under a trillion per year, it's now TWO trillion a year--and soon THREE. By 2030 it's likely to be ten TRILLION more than today. Any of ya think that's sustainable?
The grifters will tell you everything's totally fine--until an hour before it all crashes. Of course they'll be fine because like Pelosi and Hilliary and Schumer and the bribem family, they'll have their hundreds of millions to continue to live well. They'll never miss a meal.
The grifters lied to ya, the Lying Mainstream Media helped, so it's kind of not your fault. Like kids killed in a 100 mph car crash, I feel sorry for y'all. Really, I do.
https://www.investopedia.com/us-national-debt-by-year-7499291