69 sats \ 1 reply \ @tony_ 10 Oct \ on: TD Bank pleads guilty in money laundering case, will pay $3 billion in penalties econ
Meanwhile, the U.S. national debt is currently rising at an extraordinary rate, with daily increases of around 35 billion as of October 2024. Given this, it would take less than a day for the national debt to grow by an additional $3 billion—approximately 2 hours and 4 minutes.
So all the work of this case, all the lawyers, and all the productivity, is turned into debt in 2 hours, and 4 minutes.
The national debt, now over $35.7 trillion, is driven by ongoing government spending exceeding revenue, combined with high interest rates on the debt itself.
Keep stackin'
Good way to put it in perspective.
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