Congrats, US! You reached that $15 Trillion Debt milestone and you're still going strong!
Behold! That’s about 100% of GDP!
But things aren’t all dire: yes, we have this debt; and yes, we have built $1.5 Trillion or so of new deficit spending into each budget going forward; and yes, we have anywhere between $60 and $140 Trillion in unfunded liabilities — to be paid with money that doesn’t exist in the world, as of now. Still, in about a week’s time, there’s an outside chance Congress will reach a deal through which they’ll chop off $1.2 Trillion in future spending (a little bit less than next year’s deficit spending), and we’ll get to pay for the majority of it through “revenue increases” and the removal of “loopholes in the taxcode” that unfairly allow people to keep more money when the poor government just doesn’t seem to have enough.
So we got that going for us.
(thanks to newrouter, afs, and several other bearers of joyous tidings)