Originally Posted by
Clearedtocross
Yep, in late October, 2025 we crossed $38 trillion.
On March 18th, 2026 we crossed $39 trillion.
So in less than 5 months, we added $1 trillion.
If our debt rating takes a hit - likely as we go deeper into debt - the interest paid for additional borrowing increases. The more debt we have, the more difficult it becomes to climb out of it, and the more likely we are to add to it.
Metaphorically - a snowball rolling down a hill becomes increasing difficult to stop as it gathers both size and speed.
Here’s an article if you like:
https://finance.yahoo.com/economy/po...201328218.html
“Not really” an issue so as long as two things remain true:
Oil in Petrodollars
US Dollar as the reserve currency
Any other country that is insolvent would be tanked. But not us because those conditions are true. And we can just print money as a result.
But anyone paying any attention to world events would see the rest of the world making an attempt away from the petrodollar thing, and who knows maybe one day the world reserve is no longer the dollar. We would start World War III, IV, and V simultaneously if that ever became the case.