Got the projected national debt for 2028. Make sure you're sitting down. (interest, taxes)

[Taggerung]

https://www.photobox.co.uk/my/photo/...d=502951119846

[Therblig]

First, no one here will click on blind links to an image site.

Second, linear projections of more than about a year are always wrong. ("Tomorrow will not be just like yesterday, only more so.")

Third, the idea that there will be no major economic discontinuities, both positive and negative, over eight years is... simplistic and wrong.

[Taggerung]

Originally Posted by Therblig

First, no one here will click on blind links to an image site.

Second, linear projections of more than about a year are always wrong. ("Tomorrow will not be just like yesterday, only more so.")

Third, the idea that there will be no major economic discontinuities, both positive and negative, over eight years is... simplistic and wrong.

You're right. The debt accumulation could accelerate and be far, far worse than what is shown. Which is what I expect to happen.

[Taggerung]

For those who don't want to click the link.

[skeddy]

more evidence poor people need to pay taxes too.

[mathjak107]

meh .... it will never get paid in any case .... as long as the interest can be paid and the world buys our bonds , ho hum

[Larry Caldwell]

Originally Posted by Taggerung

You're right. The debt accumulation could accelerate and be far, far worse than what is shown. Which is what I expect to happen.

Eventually the gummint will inflate its way out of debt. It worked three times for the Roman Empire.

[BeerGeek40]

It's a good thing the government can print money.

[lieqiang]

Originally Posted by Therblig

Second, linear projections of more than about a year are always wrong.

This.

I don't even know how they are defining "at current rates" are they assuming US continues doing 2 trillion dollar stimulus packages every year until 2028?

[Mr. Ryu]

It's all monopoly money anyways..