US federal budget crosses grim milestone as interest payments overtake defense spending

MSN ^ | May 21, 2024 | Rick Newman

[yefragetuwrabrumuy]

In all fairness, cited figures should be cut from a third to a half because they represent the government owing itself money.

That is, at the start of the FY, budget appropriations are listed as *debt* to every part of the government that is supposed to get them. As they spend their appropriation, their debt gets smaller. It’s all on computer, there are no suitcases full of cash floating around.

It looks ridiculous if you don’t know its inner workings.

Interest on the debt follows more ordinary rules.

[Chad C. Mulligan]

The US Treasury wishes it could issue T-bills without interest.

FWIW - Interest on bills held by the Fed is returned to the Treasury, isn't it?

[Right_Wing_Madman]

FWIW - Interest on bills held by the Fed is returned to the Treasury, isn't it?

Nope. The Federal Reserve operates like a normal bank that's in the business of making money. Ideally, the Treasury interest the Fed receives is greater than the interest the Fed pays to other banks for their deposits.

[Mark17]

The Big Reset is coming, and there’s nothing that is going to stop it.

What exactly does it entail?

[Angelino97]

The US Treasury wishes it could issue T-bills without interest.

They will. And it will seem a good deal when the banks start charging negative interest rates (as they do in some Western countries).

[SaveFerris]

[ALL ACCORDING TO PLAN…the Globalists’ plan]

It’s definitely going to happen

There will be a major shift happening in the world - My personal opinion is that it sets the stage for the Antichrist - they will essentially coincide

---

Daniel 7:23
King James Version

23 Thus he said, The fourth beast shall be the fourth kingdom upon Earth,
which shall be diverse from all kingdoms,
and shall devour the whole Earth,
and shall tread it down,
and break it in pieces.

https://www.biblegateway.com/passage/?search=Daniel+7%3A23&version=KJV

[SaveFerris]

[The Big Reset is coming, and there’s nothing that is going to stop it.]

Yep. Along with World War III and Population Reduction.

Basically the 4 Horsemen of the Apocalypse.

[SaveFerris]

[We live in interesting times, and they are about to get interesting-er.]

Indeed they are my brother-in-Christ. Most of the world has no idea. All of these things are coming and it cannot be stopped. We're around the bend now. All of these crazy things are going to get even crazier.







(lurkers, please click on my screen name to see my FR homepage for further information.)

[SaveFerris]

[What exactly does it entail?]

Moving to the Philippines? Does my Medicare Part B work over there? Since it looks like I’m forced to get it.

Not sure what my best options are since I’m not working at the moment.

[ding_dong_daddy_from_dumas]

all the reckless spending fueled by debt from past politicians.

Biden is both a past and a present politician, with the worst characteristics of both.

[napscoordinator]

Can’t we sell some gold? Eventually we will sell off national parks to private ownership.

[DSH]

The Big Reset is coming, and there’s nothing that is going to stop it.

More than likely, yes. People need to get out of the mindset of "what do we do?" and start thinking in terms of "what do we do next?" And "next" is going to look a lot different than what we see now. Different lines will be drawn. Different sides will be drawn up.

[Elsie]

Wait!

There’s MORE!

[Gaffer]

Sorry, that grim milestone was passed long ago when collective entitlements surpassed the Defense Budget - everything else for that matter...

[Lurker]

“ Why are no US Notes being issued?”

Who would buy a note that doesn’t pay interest?

L

[oldtech]

We had and still have a president & Congress that insist on pissing away resources that we needed & not utilizing some that we still have. I’m also sure that’s only part of the problem.

[Chad C. Mulligan]

Nope. The Federal Reserve operates like a normal bank that's in the business of making money.

Not quite. I wasn't wrong. The Fed returns a large portion of it's PROFIT back to the Treasury. Until 2023, anyway.....thanks to the Bidenflation fiscal policies.

https://www.reuters.com/business/fed-may-need-four-years-recoup-income-loss-st-louis-fed-study-says-2023-11-27/

[Right_Wing_Madman]

The Fed returns a large portion of it's PROFIT back to the Treasury.

According to the article you sent, the Fed sends all its profits to the Treasury:

"Whatever the Fed earns beyond its operating expenses is then returned to the Treasury Department."

But the Fed does not give the Treasury interest-free loans:

"The red ink further mounted as the funds rate, now at between 5.25% and 5.5%"

[Captain Peter Blood]

Right now there are no Fed Profits.