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Posted on 09/13/2024 5:04:13 PM PDT by ChicagoConservative27
The interest burden of the public debt of the U.S. government has topped $1 trillion already this year, the first time interest costs have crossed the trillion dollar threshold.
In the first 11 months of the fiscal year, interest payments totaled $1.05 trillion, up 30 percent from a year ago, the Treasury Department said Thursday. This is the first time interest payments have ever climbed about $1 trillion. Despite claims by President Joe Biden and Vice President Kamala Harris to have addressed the U.S. budget deficit, the deficit is up 24 percent in the first 11 months of this fiscal year compared with the previous period, according to data released Thursday.
(Excerpt) Read more at breitbart.com ...
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Everett Dirksen says, “WHAT?!!”
A trillion here, a trillion there...
Quick! We can’t have this headline.
Cut interest rates!
Don’t worry, everything will be just fine, we won’t run out of money. I promise they will print more...
This is more than just up to our necks in doo doo. We’re now head first knee deep into into it!
Hey America! You know all that money you were so proud about Joe Pedo and Kambala spending like drunken pirates?
Not a problem..I’ve got it. I’ll write a check tomorrow and add a little more for residual bills not yet paid. My check is as good as the US Governments.
lets mint a trillion dollar coin to pay for the interest.
Hello Houston, we have a problem….our debt is 135 percent of our GDP, our enemy Russia’s debt to GDP is 17 percent, and the Brics have announced an alternate payment system backed by Gold…..
….and we have no Gold left….
The deficit is increasing one trillion every 100 days.
This is the interest on the total debt.
The reason this house of cards hasn’t collapsed already is that no one has a clue what to do if it does. There is no plan B, no fallback. Truly the emperor (i.e. the dollar) has no clothes.
Thanks for the info
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