Re-filling the FEMA coffers to the tune of 12-14,000,000,000 was rejected 3 times in the last 2 years.
US public debt has jumped $345 billion over the last 3 days hitting another record of $35.7 trillion.
BREAKING: US public debt has jumped $345 billion over the last 3 days hitting another record of $35.7 trillion.
Since June 2023, federal debt has surged by a MASSIVE $4 trillion, or 14%.
Over the same time period, US GDP is up just $1.5 trillion, or ~6%.
In other words, the… pic.twitter.com/SSf8W8GXPF
— The Kobeissi Letter (@KobeissiLetter) October 3, 2024
Exactly, government overspending is the cause of inflation, because their checks never bounce, they just increase the money supply! https://t.co/05e6JuWkYO
— Elon Musk (@elonmusk) October 4, 2024
America Borrows Another $2.3 Trillion
Social Security (retirement benefits), $1,457bn;
National Defense, $908bn;
Medicaid (low-income health insurance), $858bn;
Medicare (health insurance for retirees), $847bn;
Income security (social welfare benefits), $761bn.
The cost of interest on the federal debt comes in second, sliding in between Social Security and the defense budget.
h/t Electronic-Damage411