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To: Toddsterpatriot

Glad I could help.

**********

Toddster,

Is the $853 billion in interest payments fairly accurate?

I don’t have time right now to go through the monthly Treasury Statements for 2022. You’ve always been good at that sort of thing & I value your input.


55 posted on 01/28/2023 11:22:25 AM PST by unclebankster (Globalism is the last refuge of a scoundrel.)
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To: unclebankster
Is the $853 billion in interest payments fairly accurate?

I haven't seen that number.

During fiscal year 2022, total federal debt increased by about $2.5 trillion, with about $2.0 trillion of the increase in debt held by the public. Additionally, interest on debt held by the public increased to $497 billion in fiscal year 2022—up from $392 billion in fiscal year 2021.The primary reason for the increase in debt held by the public was the federal deficit, which was $1.4 trillion for fiscal year 2022.

https://www.gao.gov/products/gao-23-105586

62 posted on 01/28/2023 11:45:36 AM PST by Toddsterpatriot (TANSTAAFL)
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To: unclebankster

Is the $853 billion in interest payments fairly accurate?

No. That guy didn't read his source material. Again.

Units: Billions of Dollars, Seasonally Adjusted Annual Rate

https://fred.stlouisfed.org/graph/?g=Zlkq

70 posted on 01/28/2023 3:47:15 PM PST by Toddsterpatriot (TANSTAAFL)
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