Just the News
Spending on net interest hit $514 billion in the first seven months of fiscal year 2024. That’s more than spending on both national defense ($498 billion) and Medicare ($465 billion). Medicare is the federal health insurance program for those 65 and older and younger people with disabilities. During the same time period, the U.S. spent $873 billion on Social Security, the federal program that provides retirement, disability, survivor, and family benefits to more than 67 million Americans.
The not only own your first-born male child, they own your whole brood.
Maybe the government can forgive the debt. You know like they did with college loans. It’s going to be a rough road we will be on in a few years. Everybody owes the govt about 1 million dollars right now and soon the govt will want their money back.
And that’s why the uniparty/deepstate is very happy with the high inflation rate: the govt makes their interest payments with cheaper dollars than those they borrowed with very few exceptions.
We should have listened to Ross Perot.
“the govt makes their interest payments with cheaper dollars than those they borrowed with very few exceptions.”
Yes, but buyers of bonds will expect a higher interest rate to compensate for inflation. Gov gets to pay off with worth-less dollars, but anyone with any savings is getting robbed by inflation
It sure is easy to spend someone else’s money. SOBs could care less about the debt. They suffer no personal consequences. Robbing future generations and breaking the backs of productive American taxpayers. Until the states collectively act and demand action nothing will change.
Anybody who has ever maxed out a credit card can tell you how that works…
Read The Creature from Jekyll Island. All there.
Who, pray tell, owns the debt?
Who receives this $1T in interest payments?
In what form? Promissory notes?
^ It certainly won’t be paper currency:
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