Numbers don't lie, and in the case of the US national debt, they're catastrophic!
According to the latest CBO forecasts, the US national debt is set to hit a massive $57 trillion. That would be a staggering $34 trillion, or 148%, increase since 2020.
Unfortunately, these forecasts will come as no surprise, as US debt has exceeded $36T for the first time this year.
Since the debt ceiling crisis ended in June 2023, total US debt has increased by $4T. In other words, the US has added an average of $235 billion in debt every month, or $8 billion a day, since June 2023.
To speak of a debt crisis would be an understatement at this point.
At the current catastrophic rate, US debt will exceed $40T over the next two years!
While calls to cut spending are multiplying, nothing is happening.
America is heading straight for the wall, and it's no coincidence that more and more people are looking to Bitcoin as their way out.