US government debt is on track to surpass $50 trillion by 2033. That means $5.2 billion is piling up every day.

"Central banks may simply bail out governments in coming years via quantitative easing and the introduction of yield curve control," BofA said.

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The national debt has always been an imaginary bugbear. When compared against rates of inflation and the increasing gross tax revenue--it's been a while since I've run these numbers--the national debt amounts to something similar to a car loan. It would take about five years to pay off and that chunk of it does get paid off. In those intervening five years, the nation acquires another "car-loan" of debt proportional to the rate of inflation and the rate of increasing tax revenue.
This analysis isn't considering the trustworthiness of the United States' credit. That's another conversation.

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