It feels like the financial situation is getting out of control:
This is absolutely insane:
Annual US government spending reached a MASSIVE $6.5 trillion in May, just $1.1 trillion below the March 2021 record.
The government total outlays have DOUBLED in just a decade.
To put this into perspective, this is more than the size of most world… pic.twitter.com/1ypRDaZVoc
— The Kobeissi Letter (@KobeissiLetter) July 6, 2024
Interest payments absorb 57% of government revenues
Interest payments as a share of revenue pic.twitter.com/LcFkiRDYVD
— Win Smart, CFA (@WinfieldSmart) July 7, 2024
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