'When we consider all the large numbers involved with debts and spending, it is little wonder that there is confusion and disagreement. It truly is incomprehensible.'
The debt ceiling is a major topic. It has always been increased when necessary, and the United States has never defaulted on its debts. The first week of June 2023 had been established as when the U.S. cannot pay its debts without raising the debt ceiling.
People are also reading… The present debt ceiling is $31 trillion, and governmental spending is approximately $6.5 trillion. The size of those numbers is hard to comprehend. There may not be a clear understanding without comparing them to everyday, familiar numbers. Here are some examples: No individual has ever been worth a trillion dollars. Only one family, the Rothschilds of banking fame, has ever reached that figure. They could finance wars in Europe. The wealthiest United States family is likely the Waltons, with massive income per day. Even with that, they are not worth a trillion dollars.
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