We're just about to hit 28 trillion debt. At that point, milk is going to hit $10 a gallon anyway. Better start puckering up your butthole. It's coming no matter what you do or don't do.
We're already defaulting on loans. The 28 trillion mark starts the cascade downhill. They can print more money to pay the loans, but then inflation goes through the roof.
We're just about to hit 28 trillion debt. At that point, milk is going to hit $10 a gallon anyway. Better start puckering up your butthole. It's coming no matter what you do or don't do.
Why is 28 trillion so much worse then 26 or 20 trillion?
We're already defaulting on loans. The 28 trillion mark starts the cascade downhill. They can print more money to pay the loans, but then inflation goes through the roof.