https://www.washingtonexaminer.com/policy/economy/cost-servicing-federal-debt-highest-level-23-years
“The cost of servicing the federal debt hit the highest level in 23 years in the first quarter of this year, a Thursday report from the Bureau of Economic Analysis indicated, showing the rising strain of massive deficits on government finances.
Federal spending on interest payments rose to 3.5% of GDP, the highest such mark since the first quarter of 2000. In dollar terms, the federal government spent about $230 billion on interest in the quarter.”
It’s the Republicans fault in three…two…one….
Gee, those who profit most from Biden & Deep State are not happy........ image that! All’s not well in Total Control World.....
The next quarter GDP should be worse.
By the time we hit 2024, many voters will be experiencing economic pain.
These GDP numbers are bogus; we’re in a contraction status and have been since Q4 2022.
High inflation and no growth in the economy.
Where have I seen this before?
Oh that’s right, in 1976 to ‘80.
I think I detect a pattern here.
5.56mm