The US government has spent an alarming $6.7 trillion over the last 12 months.

This is up 14% since last year and just shy of the $7.6 trillion record during 2020.

We are now spending just $900 billion less than a period when $4 trillion was handed out.

The worst part?

Over the last 12 months, the US deficit is at $1.4 trillion.

This is up $1 TRILLION compared to last year.

Simply put, this is unsustainable.

Reply to this note

Please Login to reply.

Discussion

In the case that the US faces a recession or another banking crisis, the deficit will rise faster.

Current base case assumptions showing $50 trillion of US debt by 2030 can easily be surpassed.

We need a solution.

#bitcoin