Posted on 06/18/2024 1:52:07 PM PDT by george76
Everyone is posting that the annualized number is about $1.059 trillion.
However the interest on the debt for just May 2024 was $103 billion. Debt will grow another $2 trillion or more in the next 12 months.
We are already on pace for over $1.2 trillion in annualized payments on the debt. Within the next few years, interest on the debt will exceed Social Security payments and become the largest item in the budget.
...
US federal interest payments now exceed the defense budget.
...
We have crossed the Rubicon.. It will never be paid down! NEVER.. And this administration is handing out money like Halloween candy
...
40 years, we went from spending $1 trillion dollars on the entire federal budget to spending $1 trillion dollars on the interest on the debt of the federal government.
“Not just federal.
State and local, too”
There are over 22 million State, Federal and local employees in the USA and that is two year old data.
I’m seeing a issue.
Members of Congress must be held accountable. Where is heavens name did all of that money go?
We passed oblivion a long time ago.
“Members of Congress must be held accountable. Where is heavens name did all of that money go?“
I’ve noticed that EVERY LAST ONE OF THEM - are millionaires. And their worth has taken quantum leaps since each of them took office..
19th century poem
Barefoot boy with cheeks of tan
One day you’ll be a barefoot man
Your elders are out on a spree
Spending your posterity.
When hyperinflation begins, all those worthless savings accounts are going to hopefully drive home the fact that our out of control government is the root of the problem.
If there were only a way to actually force Americans to pay close attention to what our POS government is up to.
Bump!
Tough choices mean EVERYONE has skin in the game, EVERYONE feels pain, EVERYONE contributes and/or sacrfices something.
The only way this will work is if we are all in this together, from the poor to the uber rich.
The feral government doled out 1.3 Trillion Dollars in Social Security payments last year.
The feral government doled out 847 Billion Dollars in Medicare payments last year.
Bingo...And that's just a start...
Even MSM admits interest payment on national debt will hit $870 billion this year.
https://www.cbsnews.com/news/federal-debt-interest-payments-defense-medicare-children/
Once again, Elon is NOT wrong.
[Pretty obvious in this case...]
“Democrats are spending.”
Mikey Johnson and Ditch and their UniParty minions are spending.
And that’s bad ... when interest on the debt gets into Medicare/Social-Security territory, the situation is unsustainable.
Just out of curiosity, how much was the federal pension payout last year?
Where are the repub
RINO Dusty Johnson is helping Joe.
He ran unopposed
Good question
The feral government doled out 122 Billion dollars in Civilian retirement benefits.
Retired military personnel received 75 Billion dollars in retirement benefits.
Also, since we’re on the topic ...
The feral government doled out 616 Billion Dollars in Medicaid benefits.
Very good question.
Puppet Biden’s HANDLER Team Obama are students of ‘CLOWARD & PIVEN’.. THAT is what’s going on.
I agree.
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