Just the interest on the US debt is almost a trillion dollars a year now which is 3% of GDP and the debt is ~35 trillion. Deficit spending is higher than federal taxes on the paycheck, which means you're basically paying double of what your paycheck shows.
Meanwhile Norway's sovereign wealth fund has $1.75 trillion dollars.
Just the interest on the US debt is almost a trillion dollars a year now which is 3% of GDP and the debt is ~35 trillion. Deficit spending is higher than federal taxes on the paycheck, which means you're basically paying double of what your paycheck shows.
Meanwhile Norway's sovereign wealth fund has $1.75 trillion dollars.