US Paid $853 BILLION In Interest On Its $31 TRILLION Debt In 2022 (More Than The US Defense Budget)

Confounded Interest ^ | 01/28/2023 | Anthony B. Sanders

[Oldeconomybuyer]

A 1% rise in the interest rate equals $320 billion more in interest payments.

We’re in deep kimchi.

[Jan_Sobieski]

Nothing compared to underfunded liabilities!

[odawg]

“The interest paid on these securities is remitted to the government.”

The interest on the other $25 trillion is not.

[rbg81]

And that’s BEFORE the reparations. LOL.

[Toddsterpatriot]

And we pay this to the unconstitutional federal Reserve Bank, and we are not allowed to know who owns this bank, or audit it.

It's owned by the US government. Audited every year.

[DannyTN]

Tax receipts were $4.2 Trillion in 2022.

So about 20% of taxes goes to Pay the interest.

[rbg81]

This was the goal of the left: To get the U.S. to dig its own grave so deep it’s impossible to climb out of.

---

This was the essence of the Cloward-Piven strategy. Goad elected officials into over-promising for votes. They do this knowing that will cause the System to collapse when they are forced to deliver on those promises. However, instead of repudiating those unsustainable promises, the Marxists will step in to “save” the System.

Except they will save it by confiscating all wealth and making everyone equally miserable. And that’s not even mentioning the re-education (death) camps for “reactionaries”. These are the same people who secretly admire Mao and Pol Pot. Except it will all come out into the open.

[PGR88]

Hey! The Fed troll is back. Welcome back!

[griswold3]

Whoever came up with MMT should be quartered

[Robwin]

The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation. ~~Vladimir Lenin

[Pelham]

If the Fed was privately owned they wouldn’t be turning over their earnings to the US Treasury. The Fed is a creation of Congress despite what the conspiracy comics tell you

[Salman]

It was economic collapse that did for the Soviet Union. Would that the collapse of the USA will be as peaceful, though I expect a mega-Yugoslavia with lots of ethnic cleansing.

The old free USA is never coming back. We need to think in terms of managing the break up with a minimum of bloodshed. Or just try to take care of our own while it burns.

[delta7]

Biden and Congress spending the US into bankruptcy.
———-
Meanwhile, Russia with its vast reserves of just about everything, is filling its coffers with billions…..it doesn’t take a genius to see what is happening, rule one: when found to be digging a deep hole, stop, stop giving billions to a corrupted welfare nation.

[faucetman]

Just WIPE the debt and be done with it!

[DesertRhino]

Baloney. If the Federal reserve collected the interest from the US Government on the national debt, and then handed it all right back to the government... they wouldn’t collect it in the first place. That’s like going to McDonalds, buying a burger, and them handing you back the money you paid.

[thinden]

The Fed currently holds about $5.435 trillion in Treasuries. The interest paid on these securities is remitted to the government.

^^^^^^^^^^^^^^^^^

so the US gummit gets that $853 billion

[unclebankster]

The Fed is a creation of Congress despite what the conspiracy comics tell you.

*************
Yes, it was a creation of Congress.

Also, if we get rid of the central bank, the independent treasury system or whatever they would call it, would function in much the same way as the central bank did.

[DannyTN]

"And we pay this to the unconstitutional federal Reserve Bank, and we are not allowed to know who owns this bank, or audit it.

Heres

• Federal Reserve independent audited financial statements
• The complete structure and control of the Federal Reserve is right there in the Federal Reserve Act. Full Text of Federal Reserve Act
• Who owns the Federal Reserve
• The Federal Reserve profits are paid into the us Treasury. Federal Reserve Board announces Reserve Bank income and expense data and transfers to the Treasury for 2021

Take a macroeconomics course sometime.

[DesertRhino]

Wake up some time. Read some Rand Paul and Ron Paul.

[Toddsterpatriot]

Glad I could help.