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.
JPMORGAN WARNS THAT THE US NATIONAL DEBT OF $34 TRILLION IS A 'BOILING FROG' SITUATION – SOURCES
— First Squawk (@FirstSquawk) January 7, 2024
The largest bank in America is warning that the growing debt pile is a "boiling frog" for the US economy.
Yes, they said boiling frog.
We will eventually see a Hollywood ending.
— Gold Telegraph ⚡ (@GoldTelegraph_) January 7, 2024
AC
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