US Debt 34.3 Trillion (Patreon)
Published:
2024-02-22 01:01:22
Imported:
2024-02
Content
By the end of the year, i reckon it is projected to reach $37.5 trillion.
4% interest on debt, is $1.5 trillion, which is enough could cover major expenses such as defense and Social Security.
However, with deficits exceeding $2 trillion, and we are not in a recession or major war, things could get a lot worse real fast.
The alarming issue is the lack of buyers for the debt. Today's 20-year auction was disastrous.