Friday, December 23, 2022

Another Projection


 So I did another projection and it is almost identical to the previous one.  There is definitely a danger threshold in 2043 when the debt to the public exceeds $86 trillion.

There are 2 basic problems with the finance of the United States.  First, the Social Security costs will increase once the SS trust fund is depleted about 2034.  Second, is interest rates on an increasing balance.  Right now, net interest on the national debt is about 2% of GDP.  This will exceed 5% by about 2041, and then 8% by 2053.  Right now the total deficit is about $1.5 trillion per year, but it will exceed $5 trillion per year by 2042.

No comments:

Post a Comment