The US government now has a debt of over $27 trillion.
BREAKING: U.S. national debt hits $27 trillion, an increase of nearly $4 trillion this year
— BNO News (@BNONews) October 2, 2020
I don’t know how this is sustainable. The interest that has to be paid on this debt is enormous. And with all the jobs that have been lost, where is the tax money going to come from to pay this?
The only thing they’ll be able to do is create more and more money out of nothing to deal with this and this will further devalue the purchasing power of the currency.
As each day passes, there is a greater and greater chance of this entire thing collapsing in on itself.