Since the creation of the Fed in 1913, US federal debt has on average doubled every 8-9 years.
By 2036 US debt could be approximately 100T. If we make it that far lol.
How do we get out of this financial mess? Neither party in DC seems able or willing to actually cut… pic.twitter.com/3evQTQdijo
— Wall Street Silver (@WallStreetSilv) September 26, 2023
This seems to be a one-way street since the beginning, and it only keeps getting worse pic.twitter.com/vqfB4lkBmY
— Game of Trades (@GameofTrades_) September 26, 2023
BREAKING: Total US debt has jumped by $100 BILLION since it crossed $33 trillion exactly one week ago.
That's $14.3 billion PER DAY being added to US debt over the last week.
Add in ~$3 billion per day of interest expense and that's over $17 billion per day.
Meanwhile, deficit… pic.twitter.com/W525OwvMa8
— The Kobeissi Letter (@KobeissiLetter) September 25, 2023
A potential government shutdown is deepening the business world’s anxiety amid already challenging conditions like inflation and labor strikes. Business leaders are frustrated, seeing it as another avoidable crisis. With no clear solution in sight, there’s growing apprehension about prolonged disruption, leading to even more uncertainty in an already unstable environment.