Government to borrow nearly $1 trillion this year 84 percent jump from last year
I&#x27;ve can&#x27;t understand why this isn&#x27;t more of a concern;<p>- The rate of increase is taking this debt rapidly to somewhere unsustainable.<p>- With the fractured politics this becomes so much more dangerous&#x2F;likely to be an issue.<p>- Interest rates are pushing up adding to the servicing costs, currently about 500 billion&#x2F;yr and probably likely to become the single largest payment line on the federal budget.<p>- Pension funds are going to be increasingly liquidating treasuries as boomers retire and they hit their own funding issues.<p>- Countries like China are selling off holdings.<p>- The debt is going to be an increasing drag on the economy to grow or safely inflate out of it.<p>- I cant see the political parties reducing military or social security costs of any significance to reduce the growing pressure.<p>The only positives seem;<p>- The amazing strength and scope of the US economy.<p>- Trump once proposed a one-time wealth levy&#x2F;tax to pay this down, so if this happened it would be a game changer.<p>So I do believe the US is capable of sorting this out if the political will&#x2F;intelligence was there. But I dont see this mood and feel people like to kick the can down the road these days. Time will tell.