This is incredible: The US Federal debt is set to DOUBLE in ...
This is incredible:
The US Federal debt is set to DOUBLE in just 8 years, rising from $20 trillion in 2017 to $40 trillion in 2025.
Currently, US Federal debt is rising by a whopping $1 trillion every 100 days.
To put this in perspective, if US debt hits $40 trillion in 2025 that would be a $17 TRILLION increase since 2020.
That would be a ~570% jump in US Federal debt since 2000, a 25-year period.
The worst part?
This analysis assumes that we are on track for a "soft landing."
What happens if a recession hits?
The US Federal debt is set to DOUBLE in just 8 years, rising from $20 trillion in 2017 to $40 trillion in 2025.
Currently, US Federal debt is rising by a whopping $1 trillion every 100 days.
To put this in perspective, if US debt hits $40 trillion in 2025 that would be a $17 TRILLION increase since 2020.
That would be a ~570% jump in US Federal debt since 2000, a 25-year period.
The worst part?
This analysis assumes that we are on track for a "soft landing."
What happens if a recession hits?
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iamiam : and it all goes into the stock market
Matt the Man : get the democrats out of the Whitehouse
Jet Bomb : we're close... LGB
74582856 : May officially enter recession, but it will enter a stagflation-style recession like in the 70s
10baggerbamm Jet Bomb: the problem with the chart and that counter as it doesn't include unfunded liabilities which are another 150 trillion dollars and counting