In the past 6 months, the US Gross National Debt has increased $1.2 trillion, or to spell it out completely, in 6 months, it has grown $1,200,000,000,000. Put another way, in the last 6 months, the national debt increased by almost $4,000 per person in the US (325,000,000 currently live here).
I’m not here to fear monger, or whatever you want to call that, but this is absurd and something that should be talked about more.
At some point, I can’t feel comfortable living in my “index fund investing bubble” when things like this are occurring.
As personal finance bloggers, we talk about living within our means, paying down debt, and not irrationally spending. Why are so many media outlets ignoring this, like it’s not a big deal?
I don’t know what to think about this or what even to do about it. Obviously, as financially motivated individuals, paying down our debt for ourselves and family is important to not be a slave to the bank or government, but when investing, what is optimal? Is 90% stocks optimal when the US government possibly decides to start printing money to get out of their debt? I have no idea.
Just providing some food for thought and looking to spark discussion.
What are your thoughts on the National Debt? Are you worried about the outcome? Why aren’t more people outraged about this sort of crazy spending?