Birdnow's Aviary

September 30, 2023

Negative Returns on Debt

Diane Kimura

BoA stil predicts higher debt by 2033 -

The consequence of short-term thinking and appeasement while kicking the can down the road.

This is inflationary and the government is growing increasingly bloated and incompetent at redistribution of taxpayer dollars that we are experiencing NEGATIVE returns on the increasing debt levels.

2003:
Debt: $6.8 T
GDP: $11.5 T

2013:
Debt: $16.8 T
GDP: $16.9 T

2023:
Debt: $32.6 T
GDP: $26.5 T

May be an image of text that says 'Chart 2: US public debt to rise by $5.2bn every day next 10 years US public debt outstanding & CBo projections ($tn) 50 40 US public debt outstanding ($ tn) 30 2033 20 2023 10 0 1901 cBo ests 1916 1931 1946 Ûver 1961 1976 1991 2006 2021'

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