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According to https://www.usdebtclock.org/, this is about twice our current US National Debt. Do with that info what you will.
It is quite simple actually. Who do you think is borrowing money to the government, and where do you think a lot of the money goes to, for contracts like large infrastructure projects and especially Military spending?
Joe von Schloe lends the government a hundred million $ at a 2% interest on his bond. Then the government proceeds to buy weapons from the Joe von Schloe industries for a hundred million $. The profit margin is 30%. Now Joe von Schloe just made a profit of 30 million $ and the government still owes him 100 million $ at a 2% interest rate.
At the end of the day in the current monetary system it is not good for there to be no national debt, as the national debt is basically bringing liquidity to the currency of that nation. Or very simplified money is more or less IOUs by the government. This is not a problem if the money is spent in ways that do not accumulate, like paying teachers, nurses, public cleaners and maintenance crews... But if you give it to rich people in a system that favors rich people, the national debt will become the wealth of the rich, paid for by the taxes of the poor.
Oh you mean radical left, ultra woke, communist usdebtclock.org?? In the last 18 months the federal government has spent $894 BILLION on usdebtclock.org!! and DOGE is currently looking into deleting the organization. I heard federal agent "Big Balls" is personally overseeing the investigation.
Trickle up economics are going hard.
It's trickle down and rapid flow up
The only time anything trickles down is when Trump & Co. piss on their supporters.
And yet you use a phone, checkmate socialists
lol
EAT THE RICH
eyup. funny thing is the stuff from teh 70's more from bad timing with cycles but 80's onward it did not matter what the cycles were like. 2000 onward even the top of a cycle was obviously not great and we have not really seen anything like good times since.