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Posted on 06/13/2024 5:42:22 AM PDT by zeestephen
"If the debt is stabilized relative to the size of the economy, we're in a reasonable place..." "...we should be looking at the real interest cost of the debt. That's really what the burden is." During the 2024 fiscal year, net interest costs on the debt have totaled $601 billion - more than the government has spent on health care or defense...
(Excerpt) Read more at cnbc.com ...
"...net interest costs..."
Does that mean the inflation adjusted cost of interest rates?
If inflation is 3%, and interest rates are just 4.5%, then, $36 trillion of debt is OK?
At the rate of increase, it far exceeded that level before she finished the sentence.
Sadaam former spokesman is embarrassed for her.
This from a person who could not profitably run a corner gas station!
Sorry for the duplicate.
The story updated while I was posting, and I had to go back and make changes.
Please pull my CNBC link if the Yahoo link also updated.
Thanks.
The debt is 121.62% of GDP. How can anyone believe anything this political clown says at this point?
She gets the good drugs. 😆
Typical overspending leftist, someone else will have to cleanup their ticking time bomb when it blows up.
The dictionary should include in the definition of incompetence : The Biden administration...
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