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
@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.
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