Completely unsustainable too. I have yet to hear somebody present any plausible scenario where this Ponzi scheme borrowing doesn't end in disaster.
Completely unsustainable too. I have yet to hear somebody present any plausible scenario where this Ponzi scheme borrowing doesn't end in disaster.
That's not enough, time for another tax cut.
That year the debt increased by $1,885,104,106,599.26 in 2009 dollars--or approximately $2,200,878,170,000.00 in constant August 2018 dollars (adjusted using the Bureau of Labor Statistics inflation calculator).
What the fuck. I never realized how rampant inflation has become. In less than ten years something that had cost $18 is now $22. Meanwhile minimum wage hasn't even jumped $2 in most places during that same time period.
No wonder old people are living on squalor. And the millenials can't move out of their parents.
Unacceptable.