Annual Interest On The US National Debt Exceeds 1 Trillion Dollars
This amounts to a doubling of interest costs over the past 19 months, according to Bloomberg. It is the equivalent of 15.9 percent of the Federal budget for fiscal year 2022. https://www.breitbart.com/economy/2023/11/07/bloomberg-u-s-debt-interest-bill-soars-past-1-trillion-a-year/ This is based on the current book debt of $33+ trillion. It doesn’t reflect the $211+ trillion in unfunded liabilities. …