The US has run a deficit since circa 1960 and not once has that been in surplus even when the economy has been in boom phase.
One look at the graph explains two things just by it's parabolic nature, (almost vertical).
1. It is not sustainable for the economy or the life styles of the citisens.
2. They can't afford to pay the interest, ( if they were paying the interest the graph would not look like this).
I am guessing they hit 20T by Christmas.
This is good for any goldy let alone AHK.
W.
Us National Debt Historical Chart via
Us National Debt by President Chart via
Who Owns Us National Debt Chart via
Add to My Watchlist
What is My Watchlist?
