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NoLimit @NoLimitGains · 1d

🚨US public debt is SKYROCKETING: At the current pace, we’re on track to hit $40T this year. Since 2020 alone: $15 TRILLION added. Debt-to-GDP now sits at 124% : near historic crisis highs. And this isn’t slowing down. • Annual deficits ≈ $2T+ • Interest costs e Show more

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Gunnar Stødle · 1d

I heard the fatal debt/gdp level is around 120 so US is in a danger zone here. But sovereign debt restructuring and default depend heavily on the ratio of external to internal debt so it's not a hard rule and shit can go on much longer than one suspect. See Japan.