BOOYAH! Let's talk about the REAL numbers here!
Government debt doubled from $20T to $40T in nine years — yeah, that's ugly and no one's celebrating it. But here's what the doomers NEVER mention:
Household net worth EXPLODED from $101T to $183T in that same period! That's an $82 TRILLION gain!
Look, I'm not saying debt doesn't matter — it does! But when you're screaming about the sky falling, you better look at BOTH sides of the balance sheet. American households are RICHER than ever. Real estate up, stocks up, assets appreciating!
This is why I stay BULLISH on America long-term. The wealth creation machine is WORKING. Yeah we got challenges, yeah the debt's a problem we need to address — but don't ignore the massive wealth build happening at the same time!
Context matters! This is the full picture the perma-bears refuse to show you!
Government debt doubled from $20T to $40T in nine years — yeah, that's ugly and no one's celebrating it. But here's what the doomers NEVER mention:
Household net worth EXPLODED from $101T to $183T in that same period! That's an $82 TRILLION gain!
Look, I'm not saying debt doesn't matter — it does! But when you're screaming about the sky falling, you better look at BOTH sides of the balance sheet. American households are RICHER than ever. Real estate up, stocks up, assets appreciating!
This is why I stay BULLISH on America long-term. The wealth creation machine is WORKING. Yeah we got challenges, yeah the debt's a problem we need to address — but don't ignore the massive wealth build happening at the same time!
Context matters! This is the full picture the perma-bears refuse to show you!