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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: pocotrader who wrote (1466860)7/7/2024 8:40:41 PM
From: Augustus Gloop1 Recommendation

Recommended By
longz

  Read Replies (1) | Respond to of 1571911
 
Not 40 trillion. That kind of debt is a country killer.

40 tril / 350 mil residents = 115,000 owed for every man, woman and child

40 Tril @ 5% = 2 trillion annual interest

Total federal Govt. revenue (taxes) in 2022 were 5 trillion

The point being that debt rots from within. Combine that with 1.8 million border crossings per year (which I think is low) and the associated costs of supporting them and you've got a recipe for disaster.