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The federal deficit is expected to nearly double this year, from about $1 trillion last year to $2 trillion for the fiscal year ending Sept. 30 Why it matters: There’s no precedent for deficits this large, as a share of the economy — outside war, deep recession or pandemic. The WashPost’s Jeff Stein reported Sunday on the …
by DesmondMilesDant The data in this graph is alarming. It shows that the US government’s interest payments on the federal debt are increasing as a share of the nation’s economy. This is unsustainable and will eventually lead to a fiscal crisis. The Debt Problem in America Is Only Getting Bigger The …
by mark000 And projection for 2023 is another $1.5 Trillion. The current “USA economy strong” story is bullshit. It’s totally dependent on ongoing massive govt stimmy life support.
by Hephaestus4 Money printing is inevitable. Superinflation then hyperinflation scenarios become very real each day! India just ditched the dollar and used its own currency to buy a million barrels of oil from the UAE GLOBAL ALARM! US Debt Surge Sparks Dollar Concerns! Will China Dump $700B in Bonds? https://youtu.be/ICD9scaGVP8 …
In the meantime: The Fed continues to pretend that it can shrink its balance sheet size and watch the cost of government debt rise, all while the US grapples with a 12% twin deficit. After marking the end of a 40-year bull market in Treasuries, this upward move in 10-year… …
by Hephaestus4 Almost $1 trillion in interest payments now, compared to $1 trillion in debt from 1783 to 1981. US INTEREST TO SERVICE NATIONAL DEBT APPROACHES $1T * pic.twitter.com/EMFEWoCAw9 — The_Real_Fly (@The_Real_Fly) July 28, 2023 The fiscal deficit in the US is already at nearly 7% of GDP and only …
Here's the US deficit by month for both FY 2022 and FY 2023 YTD. In March, when the regional banking crisis began, the US added a whopping $378 billion to the deficit. September 2022 added $430 billion. Follow us @KobeissiLetter for more as we unpack the latest deficit report. pic.twitter.com/PVAUAFp3D2 …
by DAVID HAGGITH No, this is not another tax-the-rich-more-to-save-the-poor article. It is a tax-them-the-SAME article by ending all their privileged welfare! The Biden-Trump deficit is off the charts. Yes, blame for the nation’s record deficit, gaping wider by the day, belongs equally to both. Both parties are saturated with and …
Ht @RealEJAntoni And the longer that rates stay at this level, more and more debt matures and gets refinanced at these higher rates. So the debt interest expense is going to keep going higher. 🔥 pic.twitter.com/WDEUlt9EFd — Wall Street Mav (@WallStreetMav) July 13, 2023 Every time US tax receipts have …
by DJDevine These are the consequences of decriminalizing drugs, apathy towards the homeless, sky high taxes, and ridiculous policies. In other words, this is the result of voting unchecked for what feels good instead of what IS good for your community. Thank to that and essentially outlawing conservatism of any …