The U.S. Total Public Debt Outstanding has not seen a nominal year-over-year decrease since 1957 (when it briefly ticked down to $270.5 billion). Since 1958, the total debt has grown every single year. For context, the green dots represent a decrease in the US’s outstanding debt relative to the previous year, and red represents an increase relative to the previous year.
Chudred on
Does anybody see an endgame here besides “inflating the debt away”?
WolfpackEng22 on
Just wait until we face the next recession, pass stimulus, and then see treasury bill rates spike up. The bond market won’t put up with our shit forever
3 Comments
The U.S. Total Public Debt Outstanding has not seen a nominal year-over-year decrease since 1957 (when it briefly ticked down to $270.5 billion). Since 1958, the total debt has grown every single year. For context, the green dots represent a decrease in the US’s outstanding debt relative to the previous year, and red represents an increase relative to the previous year.
Does anybody see an endgame here besides “inflating the debt away”?
Just wait until we face the next recession, pass stimulus, and then see treasury bill rates spike up. The bond market won’t put up with our shit forever