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We Have a Breakthrough - The U.S. National Debt Has Surpassed $35 Trillion. ๐ Since January 2020, the U.S. economy has grown by 31%, while the debt has increased by 50%. The borrowing rate exceeds the real economic growth, and the U.S. is clearly living beyond its means. Currently, 76% of individual income tax revenues are being consumed just to service the national debt, leaving only 24% for other expenditures. ๐ In light of this historic event, JPMorgan sent a letter to investors, encouraging them by stating that "there are no signs of improvement in the near future."
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