The US debt crisis is accelerating:
US debt interest payments as a % of federal revenue are expected to surge to a record 23% by 2035, according to CBO estimates.
This would more than DOUBLE the average seen between 2002 and 2022.
Interest payments as a % of revenue have already risen +10 percentage points over the last 4 years, to 19%, near an all-time high.
In other words, for every $5 the government collects in taxes, $1 goes to pay interest on federal debt.
Interest costs on public debt are up to a record $1.2 trillion over the last 12 months.
What is the long-term plan here?
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US debt interest payments as a % of federal revenue are expected to surge to a record 23% by 2035, according to CBO estimates.
This would more than DOUBLE the average seen between 2002 and 2022.
Interest payments as a % of revenue have already risen +10 percentage points over the last 4 years, to 19%, near an all-time high.
In other words, for every $5 the government collects in taxes, $1 goes to pay interest on federal debt.
Interest costs on public debt are up to a record $1.2 trillion over the last 12 months.
What is the long-term plan here?
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German intelligence says Russian military spending far higher than reported
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It sounds intuitive to limit voting to net taxpayers but in practice you simply get women girlbossing harder to ensure they get their vote
You will never make women overlook their hypergamy short of fear for their immediate safety
Repealing the 19A is the kind option
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You will never make women overlook their hypergamy short of fear for their immediate safety
Repealing the 19A is the kind option
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BREAKING - New York City has allowed snow buildup to get so bad that they are now attempting to break down the huge piles and spread it evenly across the road
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I just paid off my little sister car, now she has the freedom to start a life without debt, something I could only have dreamed for myself, I took care of my dad and now my baby sister. God is good
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BREAKING: NBCβs Savannah Guthrie seems to believe her mother Nancy is being held for RANSOM and says sheβs βready to talkβ
Guthrie posted a video message to her momβs hostage takers:
βWe need to know without a doubt that she is alive, and that you have herβ¦ we want to hear from you, and we are ready to listen. So pleaseβreach out to us.β
This is HORRIFYING stuff. Say a prayer for the Guthrie family tonight
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Guthrie posted a video message to her momβs hostage takers:
βWe need to know without a doubt that she is alive, and that you have herβ¦ we want to hear from you, and we are ready to listen. So pleaseβreach out to us.β
This is HORRIFYING stuff. Say a prayer for the Guthrie family tonight
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Chicago leased 36,000 parking meters to investors tied to Abu Dhabi UAE for 75 years and now every quarter flows overseas while locals pay higher rates
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Expert warns of eerie similarity to Palisades fire aftermath and devastating 9/11 sickness
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BREAKING: Silver prices crash -22% in 2 hours, now dropping below $74/oz, as metals post a massive reversal.
Thatβs -$17/oz in just two hours.
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Thatβs -$17/oz in just two hours.
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Base just had its $RALPH moment with $CLAWSTR
Congrats to everyone who made money on this token, but IMO it was destined to die eventually since they never fully embraced it nor took it seriously
$MOLT dipping to $18m MC 1h ago was crazy when Circle's running a hackathon on it
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Congrats to everyone who made money on this token, but IMO it was destined to die eventually since they never fully embraced it nor took it seriously
$MOLT dipping to $18m MC 1h ago was crazy when Circle's running a hackathon on it
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JUST IN: $130,000,000,000 wiped out from the crypto market cap in the past 24 hours
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When you wake up and realize your crippling sh&tcoin gambling addiction was all a dream and you are no longer in six figures of debt
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UPDATE: $TOILET HAS EARNED $34,477 AFTER LAUNCHING ON BagsApp TWO DAYS AGO
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