Decibel (decibel45) wrote,
Decibel
decibel45

Fun thought for the day

This morning I came to the realization that, unless things change, the US economy will collapse within my lifetime.

How?

We'll end up paying more in interest payments than we can generate in taxes and still provide basic government services.

I don't have historical numbers handy, but I believe the % of our budget spent on interest hit 20% in the late 80s or early 90s. Last time I looked, we were spending about 28% of the budget on interest.

I'll bet that when that number is somewhere between 33% and 50%, people will stop lending to us and the economy will collapse. If somehow people do keep lending to us, I think we *might* be able to hold out until 66%.

Given that this is going to be exponential, this is pretty much guaranteed to happen in my lifetime.

Happy Thanksgiving! Enjoy it while you can!
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