With the new debt ceiling bill, the limit is UNCAPPED until 2025.
Estimates show $4 trillion in debt will be added by 2025 at this rate.
Meanwhile, interest expense is rising with rates.
This is unsustainable.
Follow us @KobeissiLetter for real time analysis as this develops.
— The Kobeissi Letter (@KobeissiLetter) September 7, 2023
Pretty scary. Thanks for pointing out. Not sure what the solution is unless politicians start worrying about the legacy they want to leave for the country.
$13 Billion of Debt everyday
$3 Billion in interest everyday
Scary Numbers.
Those relying on government programs for…
— ARightConnection (@ARightConnect) September 7, 2023
Based on the current projections, Federal debt is expected to be about $52 trillion in 10 years.👀👀 pic.twitter.com/K97CxkCp6f
— The Capital Desk (@CapitalDesk) September 7, 2023
WAR TIME FISCAL SPENDING pic.twitter.com/nS9ra0cMtV
— Win Smart, CFA (@WinfieldSmart) September 8, 2023