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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: Toddsterpatriot

Thanks


65 posted on 01/28/2023 12:10:06 PM PST by unclebankster (Globalism is the last refuge of a scoundrel.)
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To: Toddsterpatriot; unclebankster
interest on debt held by the public increased to $497 billion in fiscal year 2022

Public debt is not all debt. That figure does not include "intergovernmental debt" per my understanding. Thanks.

66 posted on 01/28/2023 12:18:59 PM PST by Golden Eagle (The LGBT indoctrination agenda is designed to outlaw the Bible, and anyone who believes it.)
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