The US is borrowing trillions of new dollars. A trillion is a number that is so large that it is hard to comprehend. I just came across the following that puts it in context…
One million seconds ago was about 11 days ago.
One billion seconds ago was 1989.
One trillion seconds ago was 30,000 BC.
By the way, Australia’s tiny economy also shoulders a government debt of over one trillion dollars. Just fifteen years ago, in 2006, Australia paid off its debt and was debt free.
People build civilizations, governments destroy them.