The US debt is no laughing matter. It hasn’t been for a long time. Under Biden, the US Debt surpassed $30 trillion about a week ago for the first time in history.
The Populist Press reported this morning:
The world’s richest man couldn’t hold a candle to the United States government’s dues.On Thursday evening, Tesla and SpaceX CEO Elon Musk noted that the national debt — which hit a record high of $30 trillion last week — is not sustainable.
Musk commented on a tweet by the very bright and creative The Babylon Bee. The ‘Bee’ tweeted, “Biden Goes Double Or Nothing On National Debt By Placing $30 Trillion On The Bengals”.
True national debt, including unfunded entitlements, is at least $60 trillion – roughly three times the size of the entire US economy. Something has got to give.
— Elon Musk (@elonmusk) February 11, 2022
Years ago the national debt was approaching $100 trillion when you add in unfunded liabilities – those promises made to Americans in the form of social security, Medicare, and Medicaid. It’s likely much more than that now.
