With most of the money in the hands of the few. With the most just making not enough well someone has to pay the bill for all that and all related to that with the risk of the Trump types taking office wanting a backward life going forward into debt! Oh well just pretend it's not there. Let nature take it's course! "It's The End Of The World As We Know It, and I Feel Fine." That does not work hibernating trough it till you die because you will be dead!
~~~~Governments owe an unprecedented $91 trillion, an amount almost equal to the size of the global economy and one that will ultimately exact a heavy toll on their populations.
Debt burdens have grown so large — in part because of the cost of the pandemic that they now pose a growing threat to living standards even in rich economies, including the United States.
Yet, in a year of elections around the world, politicians are largely ignoring the problem, unwilling to level with voters about the tax increases and spending cuts needed to tackle the deluge of borrowing. In some cases, they’re even making profligate promises that could at the very least jack up inflation again and could even trigger a new financial crisis. https://www.cnn.com/2024/07/02/economy/global-debt-crisis/index.html
