Truth bombs being dropped in this thread 👇


Wilbur Ross stated this week the US deficit will reach $3.5T next year on top of the $3.1T this year, bringing US debt to over $30T.
US debt reached the $1T for the first time in 1981.
Here are the time intervals to reach each $10T:

$10T: 27 years
$20T: 9 years
$30T: 4 years


· · Mastodon Twitter Crossposter · 1 · 0 · 1

@jcbrand That looks like a classic exponential growth example. Next one in 1 year? Covid can probably make that happen..


Yes, quickly coming to the point where the curve goes straight up.

Sign in to participate in the conversation

The social network of the future: No ads, no corporate surveillance, ethical design, and decentralization! Own your data with Mastodon!