Wednesday, August 21, 2019

$44 Trillion in Debt by 2029

The National Debt is currently about $22 trillion.  It will double, to $44 trillion in the next 10 years.  See this chart from John Maudlin:

























Source: https://www.mauldineconomics.com/frontlinethoughts/ray-dalio-john-mauldin-discussion-part-4

This assumes that there will be a recession starting in 2022.  If the recession starts in 2020, then this number will be $2 trillion higher. 

My own personal forecast was for debt held by the public to be about $30 trillion in 2029.  We can assume another $5 trillion of intragovernmental debt, for a total of $35 trillion.  So John Maudlin, is much more pessimistic than me.

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