America’s gross national debt exceeded $31 trillion for the first time on Tuesday

How much is $31 trillion? Written out, that comes to 31,000,000,000,000, or 31 × 1012. A mere one percent of that is $310 billion, which was the federal deficit alone in 2019.

For more, see: https://the-pipeline.org/the-column-repeal-the-16th-amendment

The article blames it on Modern Monetary Theory but no one ever looks at modern economics which bases growth on demand. It’s Keynesian theory with its underlying premise that growth occurs because of the demand side. It comes from Y=C+I+G and without that there’s nothing left.

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