It was only 42 years ago on Oct 22, 1981 the the FSoA National Debt first reached $1T.  I remember because I saw the Digital Counter downtown they had simulating what the debt was by estimating it's annual growth.  That was fairly easy to do in those days because it could be approximated by a linear function.  Not so anymore.  Now just the INTEREST which must be paid every year on outstanding old debt has surpassed $1T.  That has to be paid first, before anything else, even the Military.

The Hockey Stick has truly arrived, with the inflection point on the curve coming between 2021 & 2022.



That is all she wrote.  You don't need any other financial explanations from gurus regarding inflation and interest rates etc to know that it is now IMPOSSIBLE to pay off the debt, and it's going to go up so fast it will make your head spin.  That's why the bond auctions are over saturated and they can't find enough buyers for the debt.  The number of bonds they have to sell now every month just to make interest payments is enough to choke on.

Even so, you get stupid statements like this coming at the end of these articles:

If US debt is not brought under control over the next few decades, a default of some form may be unavoidable, according to a Penn Wharton Budget Model.

Decades?  hahahahahahaha.  How about months?  Or weeks even.  With the current slope of this graph, interest will be at $2T inside of 3 years.  WTF is going to buy this shit pile of worthless paper?

SHTF Day has arrived for the FSoA National Debt clock.

https://markets.businessinsider.com/news/bonds/us-debt-interest-payments-federal-deficit-treasury-bonds-fed-hikes-2023-11

US debt interest payments surge past $1 trillion yearly pace, worsening concerns about massive borrowing

RE