Biden and Congress spending the US into bankruptcy.
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To: Kaiser8408a
The Fed currently holds about $5.435 trillion in Treasuries. The interest paid on these securities is remitted to the government.
To: Kaiser8408a
$853 billion. Is that all?
3 posted on
01/28/2023 8:45:00 AM PST by
Blue Collar Christian
(I'm a nationalist. I'm white. How does that make me racist?)
To: Kaiser8408a
Wish we could put the blame on the dims, but the gop-e is just a culpable in this mess.
4 posted on
01/28/2023 8:47:43 AM PST by
ealgeone
To: Phinneous; golux
The US paid $853
billion in interest for the $31
trillion in debt in 2022. You know what they say...
"VenAHAfoch hu" ๐
5 posted on
01/28/2023 8:48:14 AM PST by
Ezekiel
(๐๏ธ "Come fly with US". Ingenuity -- because the Son of David begins with Mars โ๏ธ, aka every man)
To: Kaiser8408a
Part of the plan to force U.S. into the Great Reset. PRAY.
6 posted on
01/28/2023 8:49:12 AM PST by
stars & stripes forever
(Blessed is the nation whose God is the Lord. (Psalm 33:12))
To: Kaiser8408a
America’s printed, fiat currency, issued by the Federal Reserve, is the foundation of the woke-progressive state.
it allows massive debt, and the funding of 1000 social engineering schemes, political corruption, massive government, etc...
7 posted on
01/28/2023 8:51:22 AM PST by
PGR88
To: Kaiser8408a
“Thanks for this, Biden, Pelosi, Schumer! Aka, The Spend Squad!”
Many more deserve “thanks” for this mess. Paul Ryan, Obama, Bush, heck, even Trump spent like crazy.
Cut spending NOW!!!
9 posted on
01/28/2023 8:52:48 AM PST by
Jonny7797
To: Kaiser8408a
And we pay this to the unconstitutional federal Reserve Bank, and we are not allowed to know who owns this bank, or audit it.
10 posted on
01/28/2023 8:53:43 AM PST by
DesertRhino
(Dogs are called man's best friend. Moslems hate dogs. Add it up..)
To: Kaiser8408a
Back under Reagan it was decided that debt was good. Spending was increased, especially on defense, while taxes were cut.
The basic idea was that as debt increased, interest on the debt would crowd out other government programs, causing government to shrink. At some point, the government’s power to tax only results in transferring wealth from the taxpayers to the bondholders.
This was actually the situation in France prior to the Revolution. Debt from the Seven Years War and other misadventures, such as supporting the American War of Independence, consumed the taxation power of the French government.
To: Kaiser8408a
The US paid $853 billion in interest for the $31 trillion in debt in 2022.
Debt spiral. The more and more interest we pay on the debt, the more we have to borrow. This is going to be ugly.
To: Kaiser8408a
That’s worse than Mafia type interest.
But, it’s always other people’s money, so, easy come, easy go.
13 posted on
01/28/2023 9:02:01 AM PST by
adorno
To: Kaiser8408a
They have to lower rates. Stonks go up.
To: Kaiser8408a
But we need to keep sending money and resources to Ukraine, because reasons.
15 posted on
01/28/2023 9:05:51 AM PST by
wastedyears
(The left would kill every single one of us and our families if they knew they could get away with it)
To: Kaiser8408a
That’s about $2,600 for every man, woman, child, and baby. If you just count taxpayers, it’s probably about $4,000-$5,000 per person, if not more.
To: Kaiser8408a
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.
18 posted on
01/28/2023 9:11:17 AM PST by
SpaceBar
To: Kaiser8408a
If the Fed keeps rates at at these levels (or higher)
Except that the current rate is still artificially low compared to historical rates.
Higher interest rates seem to be the only method of reducing government spending. How many $multi-billion and $trillion bail-out bills have been passed since GWB?
It may be that 'breaking the bank' is the only way to slow FED spending.
Imagine what a Carter-era rate would do. And the current FED rate is no where near that -- yet.
20 posted on
01/28/2023 9:17:32 AM PST by
TomGuy
To: Kaiser8408a
A 1% rise in the interest rate equals $320 billion more in interest payments.
Weโre in deep kimchi.
21 posted on
01/28/2023 9:18:44 AM PST by
Oldeconomybuyer
(The problem with socialism is that you eventually run out of other people's money)
To: Kaiser8408a
Nothing compared to underfunded liabilities!
22 posted on
01/28/2023 9:22:27 AM PST by
Jan_Sobieski
(Sanctification)
To: Kaiser8408a
And that’s BEFORE the reparations. LOL.
24 posted on
01/28/2023 9:28:41 AM PST by
rbg81
To: Kaiser8408a
Tax receipts were $4.2 Trillion in 2022.
So about 20% of taxes goes to Pay the interest.
26 posted on
01/28/2023 9:33:10 AM PST by
DannyTN
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