20T to 1000T, on the exponential curve of the past 16 years, looks like this. Doubles every Presidential 8 years we let some idiot-savant demagogue hold sway for the term limit....
20, 40, 80, 160, 320, 640, 1280.... about 46 years, when the Fed will have to peg interest rates at 0.1% to keep the US "solvent" enough to "service the debt", paying out 1T annually in interest to whoever claims to own the fiat currency as it rolls off the press. oh, duh, "The Fed", not us.
I have never figured out why when "we" print fiat currency, it is somehow an asset on the books of some private unaudited creature run by bankers. not us.
If we print the checks and send them out to various client voter block folks, how does it show up on our books as our debt?