Aug. 17 at 12:41 AM
$GLD $JNUG $SLV $GDX $B
U.S. is entering a dangerous fiscal feedback loop. Over roughly the last decade, federal tax revenue rose 65% to about
$5.3 trillion, while spending rose 96% to roughly
$7.3 trillion, pushing the national debt from
$19 trillion to nearly
$40 trillion
More importantly, individual income-tax receipts rose 72.4%, versus just 31.5% for corporate income taxes. In percentage-growth terms, individual-tax revenue grew approximately 130% FASTER than corporate-tax revenue. The govt is INCREASINGLY RELIANT ON INDIVIDUAL TAXPAYERS even as spending & debt grow faster than the overall revenue base
The BBB is being layered onto that structure. CBO estimates the law will add
$4.2 TRILLION to deficits over 2025–2034, including additional debt-service costs
Meanwhile annual federal interest expense is approaching
$1.5 TRILLION & borrowing costs are rising. The recent 30-yr Treasury auction cleared at 5.216% --the highest auction yield since 2001
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