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> 32 trillion in debt seems insurmountable, has anything like this ever reversed course historically? Never and it is insane that there are apologists for such
by TacticalCoder 3y ago
> 32 trillion in debt seems insurmountable, has anything like this ever reversed course historically?
Never and it is insane that there are apologists for such a sad state of affairs.
https://www.usdebtclock.org/ https://www.usdebtclock.org/
This is not going to end well. That's what happen when totally clueless, incompetent and senile people are pulling the levers, following the advices of visionaries like Paul "it will become clear that the Internet's impact on the economy has been no greater than the fax machine's" Krugman.
> https://fred.stlouisfed.org/series/GFDEBTN https://fred.stlouisfed.org/series/GFDEBTN
What is insane on that graph is that it doubled in ten years and quadrupled in 15 years.
Anyone who thinks this is reasonable is simply out of his mind.
- uticus 3y agoThe numbers are just outside comprehension. We can comprehend a dollar, or a hundred dollars, in the hand. We may be able to imagine (or have seen) a room full of a couple tens of thousands of dollars. But to extrapolate one, to 32 trillion of the same... If a 4 GHz processor core executes an instruction every clock cycle, it would still take two hours to iterate that instruction 32 trillion times. If you lined up 32 trillion inches, it would be over 505 million miles. If a dollar bill is 0.1 millimeters thick, and you stacked 32 trillion of the bills on top of each other, the stack would be almost 2 million miles high. Etc By the way, we went past $33 trillion in September, and reached $33.5 20 days later. Only a half trillion added in 20 days.