Mikeoxenormous
Diamond Member
MSN
Even Fed Chair Powel said most recently that there would be no rate cuts in the near future, because he doesnt see "Inflation" coming down. In an election year, that is a death nell for any sitting president. And all that is happening is more money is being printed, more illegals coming into the country, costing even more money, and Inflation keeps on rising.The national debt is already at $34 trillion and is quickly hurtling toward $35 trillion (it was roughly $27 trillion when Biden took office).
You may not care, but you should.
The costs of carrying such a significant debt are putting pressure on other spending priorities as interest alone takes up a higher percentage of the government’s budget. In fact, interest payments are the fastest-growing segment of the budget.