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Are we at trillion dollar interest payments yet or is that early 2024?
1 posted on 11/27/2023 7:20:19 AM PST by ChicagoConservative27
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To: ChicagoConservative27
We're definitely already at a trillion dollars a year now.

And worse, the rate of average interest on the debt is likely to continue rising over the next several months. It's truly a nightmare situation that the idiotic "leaders" of our country have gotten us into.

2 posted on 11/27/2023 7:28:01 AM PST by jpl ("You are fake news.")
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To: ChicagoConservative27

Just one of the many features of central banking using a pure fiat currency, where every last dollar is loaned in to society with interest attached. Funny thing is, the interest is Never Created and can only be paid through the blood and sweat of labor. We used to call this sort of thing Involuntary Servitude.


5 posted on 11/27/2023 7:35:44 AM PST by eyeamok
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To: ChicagoConservative27

Increased interest income received by the elderly will reduce their need for Social Security increases.


6 posted on 11/27/2023 7:38:25 AM PST by Brian Griffin
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To: ChicagoConservative27

Low interest federal debt redeemed will take financial pressure off banks.


7 posted on 11/27/2023 7:39:59 AM PST by Brian Griffin
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To: ChicagoConservative27

Increased interest income received by the elderly will help them pay increased property taxes.

The increased property taxes go for increased local government spending, some of which winds up being paid as federal personal income tax.


8 posted on 11/27/2023 7:43:49 AM PST by Brian Griffin
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To: ChicagoConservative27

Well,

The govt should just sell some more T-Bills——buyers are still there-—and use the proceeds to pay off the coming due notes..

Voila, can kicked down the road....

No worries....


16 posted on 11/27/2023 8:38:52 AM PST by funwithfood
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