Government Debt Running Away

October 25, 2023

The U.S. government’s debt has been growing at a frightening pace, elevating the importance of individual financial preparedness. As economic indicators devolve, everyone needs to focus on safeguarding their personal financial health.

Today, we stand on the precipice of a financial maelstrom that can no longer be ignored. The government’s debt has rocketed to astronomical levels, and it’s not just a matter of economics—it’s a matter of mathematics.

We’ve reached what I term the ‘terminal phase.’ It’s as if we’re witnessing a runaway nuclear reactor, and it’s glowing brighter with every passing second. This isn’t hyperbole—it’s a stark reality. Take a moment and consider the U.S. ten-year note. Just a cursory glance at its trajectory over the past few months speaks volumes. From 3.8% to a hair shy of 5%, and that surge isn’t arbitrary while government debt is exploding past $2 trillion per year in no small part because of servicing the interest payments from prior borrowing.

Let’s take a look.