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US Debt to Hit $40 Trillion. Does it matter?
Blain’s Morning Porridge August 7th, 2026
“Debt to GDP is a distraction – ask how it got so high and look at system to understand its’ fragilities.”
The real strength of the US economy is not its military or the dollar’s exorbitant privilege, but the depth of its capital markets - which have financed the most successful economy in history. The risk is not how large the US deficit is, but how sustainable are America’s capital markets to mounting fiscal pressures, market shifts and geopolitical forces?
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KEY TAKEAWAYS:
$40 trillion of National Debt is not the problem. It’s a…
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