If there\u2019s one thing that the Trump administration has continued to brag about, it\u2019s that the American economy is surging. Campaign talking points and discussions on business news media everywhere continue to say that the economy stays strong, especially in a world where several major economies are starting to sputter to a stop.<\/p>\n
However, looking under the hood of this issue could show something completely different; yes, the American economy continues to grow (figures show that the country\u2019s GDP stood at about $20 trillion in 2018). However, this growth has been artificial, as debt has risen.<\/p>\n
Currently, the United States Debt Clock shows that total public debt<\/a> in the United States stands at $23.15 trillion. For a more expanded picture, trading expert Sven Henrich revealed on Twitter earlier this week that while the United States has seen an additional $7 trillion in GDP over the last decade, debt rose by $11 trillion.<\/p>\n In the last decade the US added nearly $11 trillion in debt while growing GDP by only $7 trillion. — Sven Henrich (@NorthmanTrader) January 1, 2020<\/a><\/p><\/blockquote>\n\n
In other words: Every $1 in growth came with over $1.5 in additional debt. pic.twitter.com\/mandXOZYPB<\/a><\/p>\n