SiGraybeard reports that the US just passed $26 trillion in debt, and in May it was $25 trillion.
In November of 2019, I blogged that the US was $23 trillion in debt.
In July of 2019 (a year ago) I pointed out that it was $22 trillion.
When Trump took office, it was $19.5 trillion. The Trump administration has so far borrowed $6.5 trillion.
In all, Obama’s share of our national debt is about $8 Trillion. President George W. Bush borrowed $5 trillion, Clinton $1.8 trillion.
We cannot borrow money forever. The total economic activity of the entire US economy (GDP) is $21.7 trillion a year. The US owes 120% of its GDP. By definition, something that cannot go on forever, will not. How large can the debt get before it is unrecoverable?