Where did the money go?
U.S. National Debt Surpasses $35 Trillion
The gross national debt is currently $35 trillion. This equates to:
$104,497 per person
$266,275 per household
$483,889 per child
The UK has officially announced that it has gone bankrupt, citing an unsustainable level of national debt. The country's current debt stands at 2.69 trillion pounds, which is 98.3% of its GDP. This level of debt has far surpassed the maximum threshold the nation can bear, leading to an unavoidable declaration of bankruptcy. The British government has acknowledged that its finances are no longer sustainable.
https://budget.house.gov/press-release/us-national-debt-surpasses-35-trillion
Source on the UK declaring bankruptcy? Couldn’t find that anywhere.
I don't think this can be considered an official declaration of bankruptcy. They would probably have to start defaulting on their debts to be truly considered bankrupt.
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