U.S. National Debt Exceeds $30 Trillion for First Time - WSJ

“It is the result of both borrowing for really important crises, most notably the Covid pandemic, but also trillions and trillions of borrowing for no reason other than politicians have stopped being willing to pay the bills.”

We’d have to shut down the entire Federal government for 6-8 years, just to get back to $0. $7T of the growth is from the Pandemic bender.

“It’s important to evaluate debt sustainability in the context of the interest-rate environment,” she said, adding that the interest burden of U.S. debt is “very manageable” because of low interest rates.

So manageable that the debt only continues to increase exponentially, never getting repaid. Janet Yellen, out to lunch.