US Federal debt hit $34.8 trillion for the 1st time in history
It has been rising by $1 trillion every 100 days since June
Deficit reached a whopping $1.7 trillion in last 12 months with $6.5tn government spending (23% of US GDP)
This is a debt crisis👇https://t.co/vlghCZcVsg
— Global Markets Investor (@GlobalMktObserv) July 8, 2024
In the United States, the federal government will spend $892 billion in the current fiscal year on interest payments
Governments worldwide are grappling with an unprecedented debt load, totaling a staggering $91 trillion.https://t.co/Vg5cq8ijvp pic.twitter.com/f6fkVKE0B7
— Liberty + (@dmills3710) July 8, 2024
Yes it is. https://t.co/0vhpW4sim3
— Gold Telegraph ⚡ (@GoldTelegraph_) July 8, 2024