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
Every hyperinflation looked the same. “Hyperinflations are always caused by public budget deficits which are largely financed by money creation.” But even more interestingly, Bernholz identified the level at which hyperinflations can start. He concluded that “the figures demonstrate clearly that deficits amounting to 40 percent or more of expenditu
... See moreJonathan Tepper • Endgame: The End of the Debt SuperCycle and How It Changes Everything
While 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
... See moreAndy Constan on Trump Tariffs
... See moreCongress can manipulate baselines, set fake expiration dates, and ignore their own budget rules—but they can't repeal the laws of economics or math. Deficits will continue to rise—from $1.8 trillion today to a projected $3.6 trillion in a decade. Another $25 trillion in 10-year borrowing will push interest rates higher and bury the budget under tri
The story going into FOMC tomorrow: The Fed needs to lower rates because the US needs to roll over $8-9 trillion of debt in 2025.
Rolling over $8-9 trillion at 2025’s higher rates (e.g., 4-5% vs. 1-2% pre-2022) increases interest expenses, projected at $1.1 trillion for 2024 and rising. This crowds out other spending, as interest now exceeds milita... See more
Rolling over $8-9 trillion at 2025’s higher rates (e.g., 4-5% vs. 1-2% pre-2022) increases interest expenses, projected at $1.1 trillion for 2024 and rising. This crowds out other spending, as interest now exceeds milita... See more