Posted on 11/07/2023 7:40:27 AM PST by ConservativeInPA
• US annualized debt interest payments crossed $1 trillion in October, according to a Bloomberg analysis.
• The cost of debt has doubled in the past 19 months as federal deficits balloon.
• High interest rates have made borrowing more expensive, adding pressure on US debt.
(Excerpt) Read more at markets.businessinsider.com ...
Don’t worry, everything will be just fine, the government won’t run out of money, they will print more as they need it, I promise.
Runaway inflation will fix this. It’s coming.
Buy gold & silver and a good amount of ammunition. All are useful as currency if the SHTF.
> Runaway inflation will fix this. It’s coming. <
That’s probably the way the federal government will handle their huge debt. They won’t default. And they can only raises taxes so high. So they’ll inflate their way out.
The 2024 election will not help, no matter who wins. Congress loves to spend. Democrats love to spend. And in his first term, Trump vetoed no important spending bills. So I doubt if he’ll really put the brakes on.
The only question is when the collapse will start. The way the debt is climbing, I’m guessing around 5 years from now.
Weimar Republic, 2024 version.
Yes, it’s coming. Until the Congress turns off the printing press and has an actual budget, this vicious cycle will continue to run this nation into the ground.
39 year low on house affordability. That Biden economy is right on target! /s
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