The Democrats are succeeding in collapsing the U.S.. Their grand plan to destroy freedom and bring about the Great Marxist reset. Basically, if we cannot pay the debt taxes MUST be raised to 80-90% of your income in the next couple of years, destroying the economy. Their grand plan.
Unless interest rates fall sharply in the coming months, the interest expense on Public Debt will soon surpass $1 trillion on an annual basis and become the largest line item in the budget.
- U.S. national debt has exceeded $31 trillion dollars. INTEREST PAYMENTS on national debt are the fastest growing part of the federal budget. Yikes – Jane Adams
- FISCAL FIASCO: Interest payments on massive US debt pose next crisis, experts warn – Fox Business article
- How does the National debt affect you? 2020: We paid $479 Billion in interest on the National debt 2023: We will pay $900 Billion in interest So, stop arguing over this tiny bill & that tiny bill, and start a real discussion on how to balance the budget to stop this madness – Libertarian-In-Chief
- Expenditures on interest could exceed what the United States spends on national defense by 2029, if interest rates on public debt rise to be just one percentage point higher than what the C.B.O. estimated over the next few years. – Andy Mok
Unless interest rates fall sharply in the coming months, the interest expense on Public Debt will soon surpass $1 trillion on an annual basis and become the largest line item in the budget.😵💫 pic.twitter.com/H0b2hRzARo
— Samantha LaDuc (@SamanthaLaDuc) October 7, 2022
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