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US to hit debt limit on Thursday. FED promises special levers to keep US spending to avoid default. In 2023 the cost to service national debt to become the biggest expenditure, more than Social Security. Sound sustainable? But inflation is transitory…

by Real Investing Skills
January 15, 2023
in Quick Invest
Reading Time: 1 min read
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The federal tax income / price range 2021:

​

Tax income: $4,714,000,000,000

Federal price range: $6,818,000,000,000

New debt: $2,104,000,000,000

Nationwide debt: $26,900,000,000,000

​

The numbers are so large we are able to’t even conceive of them.

Critically- our brains simply can’t deal with numbers that huge…

1 million seconds can be simply over every week and a half.

1 billion seconds can be virtually 32 years.

1 trillion seconds can be over 31 thousand years…

​

So we delete a bunch of zeroes to convey it to family earnings levels-

Annual household earnings: $47,140

Cash the household spent: $68,180

New debt on the bank card: $21,040

Excellent steadiness on the bank card:$269,000

​

If you happen to noticed anybody working their funds like this could you say they have been accountable with their cash? Would you assume that was a sustainable approach to run a family? Wouldn’t you assume “Wow, these persons are about to go bankrupt spending like that…”

 

h/t  Qplus17



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Tags: AvoidBiggestcostdebtdefaultexpenditureFedhitInflationleverslimitNationalpromisesSecurityServiceSocialSoundSpecialSpendingSustainableThursdayTransitory
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