The US debt crisis has escalated to $32.7 trillion, with daily interest expenses exceeding $3 billion. The new debt ceiling bill unceasingly increases debt by 2025.

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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

See also Unrealized losses on securities totaled $558.4 billion in the 2nd quarter, up $42.9 billion (8.3%) from the prior quarter. Unrealized losses on held-to-maturity securities totaled $309.6 billion in the 2nd quarter, while unrealized losses on available-for-sale securities totaled $248.9 billion.

See also Dave Portnoy: "The New York Times is garbage. The Washington Post is garbage. They are activists. They're not journalists. They have no interest in the truth... They have no interest in telling both sides of the story."

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