The Congressional Budget Office’s official forecast says the U.S. deficit is $1.4 trillion for 2023 and that the deficit will double to $2.8 trillion by 2033.

That’s the official forecast right now.

That means without any future crisis the US public debt is set to hit $50 trillion in 9 years.

There’s nobody out there to buy that, so the Fed will have to monetise it.

The math no longer works.

If interest rates stabilise at 4% then that’s a further $2 trillion per year just on debt servicing.

Following COVID, the US economy now has to grow at 5.4% CAGR just to keep the US public accounts solvent.

That doesn’t sound achievable to me.