Tuesday, March 16, 2021

The National Debt will hit $78 Trillion by 2028

 "The growth of the US debt spending is projected to exceed $78 trillion in 2028. The US economy will implode with the rate of debt like this. It is a matter of time before this country implodes into bankruptcy. Everyone seems to think massive debt is meaningless. Until one day, the economy collapses Zimbabwe-style, and they’re affected personally in the worst way. They will keep on kicking the can, as long as possible, or until the payment on the DEBT will exceed the budgets of DOD, Medicare, and Social Security. The guard rails have truly been removed. There is only the desire to spend, borrow and print money. Digital money will change that even more. If they find a limit, the government doesn’t just meet that need; it smashes through it. We used to have these limits in place, but because of the pandemic, they are spending with an excuse. But when the pendulum swings the other way, the Republicans will have to get an even bigger stimulus because who will ever try to do a Billion dollar plan when Trillion-dollar deals are now the norm. The USA never intends to pay the debt. A mother of all wars is what they are planning for. The only way to default. This societal experiment known as “America” is about over, regardless of what they are telling you. The Great Reset means The Collapse of the US Empire." --https://financearmageddon.blogspot.com/2021/03/only-zero-interest-rates-qe-are-keeping.html

I agree with all of the preceding except the $78 trillion in 2028 number.  I would like to see the projections on that.  My latest calculation is that the public debt should hit $30 trillion in 2028, and with intragovernmental debt about $6 trillion, the total national debt should be about $36 trillion in 2028.  (It is currently about $28 trillion).  I agree that the US is headed for disaster, but I think the pace may be slower than the above author is projecting.

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