Over the last decade, the US has averaged almost $1.5 trillion in new debt every single year
The Budget deficit in the US is currently $3.1 trillion and the national debt is now over $27 trillion, but there's nothing to see here
In 2019, the budget deficit was $980 billion.
In 2020, that number increased by 3x and is currently $3.1 trillion.
In case you are wondering, that $3.1 trillion number is far and away a record:
(Source: https://twitter.com/Bitcoin/status/1317198510152773632/photo/1)
Though, running deficits in the United States is nothing new.
In fact if you just look at that chart above you will quickly see that we tend to run a deficit just about every single year.
Due to this, the total national debt now exceeds $27 trillion.
A number that also has never been higher, by a long shot:
(Source: https://twitter.com/Bitcoin/status/1317198510152773632/photo/2)
Since 2009, the national debt has increased by roughly $17 trillion.
That's $17 trillion in an 11 year span, or $1.5 trillion every single year on average.
But yea, there is nothing to see here.
Bitcoin doesn't owe anyone anything, bitcoin is no one's liability.
Sounds bad, very bad n