The U.S. national debt surpassed $30 trillion for the first time ever in the nation’s history Tuesday. The data was published Tuesday by the Treasury Department’s FiscalData website. The national debt is divided between public debt and intragovernmental debt, respectively representing approximately $23.5 trillion and approximately $6.5 trillion, according to the data.
(Excerpt) Read more at msn.com ...
Congress will not cut back on spending. And they will not default on the debt. That leaves them only one way out: Allow for massive inflation, then pay back the debt with worthless dollars.
That’s gonna happen. Not today, and probably not tomorrow. But it’s gonna happen
(Excerpt) Read more at msn.com ...
Congress will not cut back on spending. And they will not default on the debt. That leaves them only one way out: Allow for massive inflation, then pay back the debt with worthless dollars.
That’s gonna happen. Not today, and probably not tomorrow. But it’s gonna happen