Debt Bombshell: U.S. Interest Payments Soar to $1.1 Trillion in Q1, Devouring 35% of Tax Revenue, Exceeding National Defense Spending. https://t.co/RP6i9KT6rV
Debt Bombshell: U.S. Interest Payments Soar to $1.1 Trillion in Q1, Devouring 35% of Tax Revenue, Exceeding National Defense Spending. https://t.co/RP6i9KT6rV
Current deficit: 7.5% of GDP
Sustainable level: 3% of GDP
Annual interest payments: $1.1 trillion and rising
At current trajectory, interest costs consume 40% of federal revenue by 2030.
Burry's portfolio positioning tells the real story: https://t.co/ldYqlXTWci
When the US must borrow new money just to pay interest on existing debt, confidence evaporates.
Bond markets reject Treasury auctions.
The dollar loses reserve currency status.
The numbers expose the trap: https://t.co/FmG3VzSKWy
Business Hustlezx.comWhile many focus on our rising interest costs to service our rising debt amounts I dont much care. We pay our interest to our citizens. Our existing debt service costs are mostly just a small symptom of the theft. The big thing to worry about is our primary deficit. That has grown far faster than our interest cost. Each year our primary deficit lay
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