? ?? ? Annualized interest expense on US Federal debt is nearing $1.1 TRILLION.
To put this in perspective, 2023 defense spending was $821 billion.
This means the US is on track to spend 34% MORE on interest expense than defense spending.
In 2023, the US government produced $4.4 trillion in revenue.
This means that 25% of receipts in the entire 2023 are equivalent to our annual interest expense.
If it looks like interest expense is moving in a straight line higher, that’s because it is.
Rising rates and falling tax revenue are both occurring at the same time.
What’s the game plan here? https://t.me/FuryRoad_Inte...
To put this in perspective, 2023 defense spending was $821 billion.
This means the US is on track to spend 34% MORE on interest expense than defense spending.
In 2023, the US government produced $4.4 trillion in revenue.
This means that 25% of receipts in the entire 2023 are equivalent to our annual interest expense.
If it looks like interest expense is moving in a straight line higher, that’s because it is.
Rising rates and falling tax revenue are both occurring at the same time.
What’s the game plan here? https://t.me/FuryRoad_Inte...
Telegram: Contact @FuryRoad_Intel
? ?? ? Annualized interest expense on US Federal debt is nearing $1.1 TRILLION. To put this in perspective, 2023 defense spending was $821 billion. This means the US is on track to spend 34% MORE on interest expense than defense spending. In 2023, the US government produced $4.4 tr..
https://t.me/FuryRoad_Intel/33235
9 months ago
