US Government Debt Soars to $34 Trillion in 15 Weeks, JPMorgan Warns of ‘Boiling Frog’ Scenario.

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The Incredibly Ballooning US Government Debt Spikes by $1 Trillion in 15 Weeks to $34 Trillion. Interest payments threatening to eat up half the tax receipts may be the only disciplinary force left to deal with Congress. Is there a comeback from this?

Economists widely regard the Clinton surplus to be more of a function of a split congress that couldn’t pass anything, rather than any deliberate policy by the administration.

You can be sure, if they could get things passed, they would have spent every last cent, and then some.

See also  23% of tax revenue ($1.1 TRILLION) is now interest on the national debt

AC


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