National debt rose to $21.974T at the end of 2018

submitted by dcjogger from (upi.com)

all 2 comments
sorted by:
top
newinsightfulfun

[–]Vigte 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

I know the 21T is US only - but I recently looked at the combined debts of all nations - surprisingly (or.... unsurprisingly) it is ALMOST the same value as EVERY piece of residential housing, in the entire world.

Payment plan (for gov't debt) (by selling YOUR house) incoming. (Just a theory)

[–]dcjogger[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Maybe the debt will be paid off by illegal immigrants, technology, a zero percent tax rate, or magic fairy dust, but the reality is that the US debt is increasing constantly, no one cares, and spending more money to reduce the debt will only lead to disaster.

Debt didn’t work out too well for Rome, Germany, Japan, Greece, or Zimbabwe.

Those who fail to learn from history are doomed to repeat it.

http://bunkerchan.xyz/dprk/