Yep. You're correct.
Notice that Trump nor Harris don't discuss this important topic -- which is rapidly leading us over a cliff!
Wonder why that is?
Posted on 09/17/2024 9:54:05 AM PDT by george76
The US is on a highway to hell!
The US Federal government just hit a dubious landmark — $1.6 TRILLION in interest payments expected by year end. It is already at $1.2 TRILLION.
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Biden/Harris’s spending spree (which Harris wants to continue).
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Interest payments will crowd out other expenditures, like Social Security, Defense and Medicare.
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Eternal deficits are not sustainable, especially since much of government spending rerpresents payoffs to political donors.
Interest on the federal debt this FY is equal to about half of all personal income taxes collected – we’re a nation of debt slaves.
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Yes, under Biden/Harris, the US is on a HIGHWAY TO HELL.
My god that interest has gone up quick.................
And it’s going down....all the way!
keep on stacking!
Have no fear!!! /s
It’s just Biidenomics!!!! Nothing to see here. /s
Build Back Better must have meant the national debt. /s
Wait until hyperinflation hits.
Talk about nightmares...it’s pretty much over at that point.
But party on, America. Max out those credit cards. Eat, drink, and be merry. Kamala will provide. Oh, and don’t forget your booster shot!
it’s a race between the dems and the GOPe! Wait a sec, they’re the same thing AKA the uniparty.
Keep accumulating valuable assets. Keep stacking. Keep training. Keep that body fine tuned as much as possible. I know thats preaching to choir here at FR.
There’s a highway to hell and many enter through it.
There’s a stairway to heaven and only a few find it.
Not sure what current year General Fund Total Trvenue is, but last year it was 2.93 Trillion Dollars.
1.6 divided by 2.93 is 55% of total GF Revenue. .
Another reason we’ll need the adults back in charge and not the commies, next year. People who understand money and can make the proper decision to fix this mess. Which excludes every demo-commie and most repukes.
When democrats have control nothing works.
I hope they don’t dip into the social security trust fund to pay off the federal debt ;-)
Yep. You're correct.
Notice that Trump nor Harris don't discuss this important topic -- which is rapidly leading us over a cliff!
Wonder why that is?
Was anybody really stupid enough to believe that offshoring our tax base, and having them pay into China’s infrastructure and military instead of ours, would be a good idea?
Yellin says no problem, we can just print more $$$ and/or repudiate (cancel) debt if necessary.
The world will just love that! /s
It wasn’t just China. We’ve sent everything overseas.
“ The top five suppliers of U.S. goods imports in 2022 were: China ($536.3 billion), Mexico ($454.8 billion), Canada ($436.6 billion), Japan ($148.1 billion), and Germany ($146.6 billion). U.S. goods imports from the European Union 27 were $553.3 billion.”
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