Deficit spending is on track to hit nearly 28% of GDP by 2050.

Meanwhile, Federal revenue will be just ~19% as US debt levels are skyrocketing.

At the current pace, the US deficit for this fiscal year will cross $3 trillion, nearly double the $1.6 trillion deficit that Congress… https://t.co/7XKhg02P23 pic.twitter.com/juDxNl6dY8

— The Kobeissi Letter (@KobeissiLetter) March 11, 2024