The U.S. government debt is growing at a rate of 6.9% per year and currently stands at $35.7 trillion.
Servicing the national debt requires $1.48 trillion. Budget revenues in 2023 are 4.5 trillion dollars, and with such a volume of public debt, the cost of servicing it will exceed half of budget revenues. Neither Donald Trump nor Kamala Harris will change anything in these figures. Even if the printing press of the financial reserve system runs 24 by 7, America will never be Great Again. π
PS. I really want to look at Barack Obama, who dared to call Russia a “gas station country” and “a country with an economy torn to shreds”: how does Barack live in a country where this is happening?.. A surprise?
PPS. The decline of the American economy will accelerate as soon as countries begin to abandon the dollar and launch a system similar to SWIFT.
@SwissVatnik
