FatDuck3
Nov 6, 6:41 PM
$GLD $JNUG $SLV $GDX $B
❌Federal government current expenditures: Interest payments (A091RC1Q027SBEA)❌
➡️Currently @
$1,328.827 trillion
April 2020 the interest on US national DEBT was @➡️
$514.737 billion. ➡️Since April 2020 interest on national debt was INCREASED by 158.16%‼️
The Dollar increase in debt INTEREST @
$814.090 billion since April 2020. If the dollar increase continues @ the same pace from April 2020 to July 2026, in 5yrs or less (likely less) the US reaches
$2 TRILLION ON DEBT INTEREST
@
$2 trillion in interest, the govt would need to collect only
$4–5 trillion in revenue for interest to consume 40–50%. As the interest consumes more revenue, Congress has fewer options: Increase taxes, borrow more money. Reduce other govt spending or simply accept larger deficits but would mean ultimately a significantly decreased US consumer's purchasing power
https://fred.stlouisfed.org/series/A091RC1Q027SBEA
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