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SEEKINGALPHA.COM • 2026-05-30

The Great Debt Debacle Has Arrived

The United States has now crossed a line that no developed economy in world history has ever crossed and survived intact. In just the past decade, our national debt has doubled. Not grown modestly. Not increased in line with GDP. Doubled.

And that is merely the headline federal debt number. When you add in private debt - corporate, household, municipal, bank - the United States now sits atop over $100 trillion in total outstanding obligations. In fact, total business debt alone has skyrocketed to $22 trillion, or 70% of GDP - the same percentage that ushered in the Global Financial Crisis in 2008. That alone should terrify any rational investor. Oh, and then there's the unfunded liabilities, which add another $80 trillion to the dung pile.

No worries. Raise the Debt Ceiling to $INFINITY$ ! Or Infinity to the power of Infinity! No wait...Mint a $200T Platinum Coin and pay the whole thing off with that! Can we apply for that new Bioluminescent VISA Card?

I really have to wonder WTF buys the Toilet Paper at the Treasury Auctions these days and where they get the money to buy the bonds? Do they sell Nvidia stock? Do they pay for it with BTC? Maybe they borrow it from Luxemborg?

Clearly, The Smartest Guys in the Room now are equipped with the best AI Super Cooled Super Conducting Paralle Processing Super Computers and understand this far better than the rest of us mere mortals, so just Pahhty On!

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The Great Debt Debacle Has Arrived

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