Every decade since 1971, the U.S. has been growing its national debt.
1. In the decade of 2001-2010, the U.S. added $7.9T in debt i.e. 1.4X the debt it accumulated over the duration of 1950-2000!!!
2. In the decade of 2011-2020, the U.S. added $14.2T i.e. another 1.7X of national debt that it accumulated in the previous decade of 2001-2010.
3. As per actuals from 2021 to 2023 and the 'official' estimates until 2029, the U.S. is on track to add another $16.42T to its national debt.
This will bring the U.S. national debt to $44.2T by end of this decade.
How is this sustainable?
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