> Interest added up to 383B in 2009 and 574B in 2019 that’s insane
Between 2009 and 2019, US GDP grew from $14.45 trillion to $21.43 trillion - growing 48.3%. In that time, according to those figures, our annual interest payments have grown 49.8%. Those numbers are so close natural variability alone could explain the difference.
The issue is the US has no cushion for the current crisis let alone the next one. Expecting people to predict COVID is unrealistic, but they very much should expect issues eventually.
Treading water in good years only to fall deeper in bad ones means collapse is unavoidable.
Between 2009 and 2019, US GDP grew from $14.45 trillion to $21.43 trillion - growing 48.3%. In that time, according to those figures, our annual interest payments have grown 49.8%. Those numbers are so close natural variability alone could explain the difference.
Why is that insane? The US is a mature economy.