Never, because they'll always add spending on top of debt service...
That said, per the CBO, "federal debt held by the public is projected to [hit]...96% of GDP in 2023..." 🤡
Discussion
I had heard that our debt hit >GDP a year or two ago.
I don't expect them to stop spending, but we will reach a point that the cost of the interest is greater than the tax money coming in. Yes, they will keep borrowing and/or printing, but things will get horrific when we reach that point.
Maybe god can come to help somehow.
In god we trust
No?
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