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US End Game Approaching – Govt Spending More Than Twice What It Is Collecting

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Earlier today, CNBC’s Brian Sullivan took a horse dose of Red Pills when, about six months after our readers, he learned that the US is issuing $1 trillion in debt every 100 days, which prompted him to rage tweet, (or rageX, not sure what the proper term is here) the following:

We’ve added 60% to national debt since 2018. Germany – a country with major economic woes – added ‘just’ 32%. Maybe it will never matter. Maybe MMT is real. Maybe we just cancel or inflate it out. Maybe career real estate borrowers or career politicians aren’t the answer. I have no idea. Only time will tell. But it’s going to be fascinating to watch it play out. He is right: it will be fascinating, and the latest budget deficit data simply confirmed that the day of reckoning will come very soon, certainly sooner than the two years that One River’s Eric Peters predicted this weekend for the coming “US debt sustainability crisis…”(READ MORE)

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