CBO releases report that national debt booming.
I think they are low on their estimation. We are at $31.5 Trilly right now. I think we are deficit of $1.5 Tril per year. That would put us at $34.5 Tril by Jan 2025 (either new potus or Biden next term). My guess is we will be over $36 Tril on the debt ($38 Tril is my real target). I keep expecting the interest payments to start causing some pain. 4% on debt costs double what 2% on debt costs.
All we need to hit my projections is a strong recession or a military conflict. Why not both?
I think they are low on their estimation. We are at $31.5 Trilly right now. I think we are deficit of $1.5 Tril per year. That would put us at $34.5 Tril by Jan 2025 (either new potus or Biden next term). My guess is we will be over $36 Tril on the debt ($38 Tril is my real target). I keep expecting the interest payments to start causing some pain. 4% on debt costs double what 2% on debt costs.
All we need to hit my projections is a strong recession or a military conflict. Why not both?
