US Federal Government, Interest Expense Report

[Weatherman2020]

When did it begin to spike upwards?

US has paid an alarming $652 BILLION in interest YTD, up 25% since last year.

As rates rise, we will soon see the first ever year with $1 TRILLION+ in annual interest expense.

Interest expense will soon be the US government's biggest expense, even more than social security.

The debt ceiling crisis wasn't the real crisis.

It was simply a distraction.

https://www.fiscal.treasury.gov/files/reports-statements/mts/mts0623.pdf

 

[Votto]

But they still need to spend another hundred gazillion dollars to fight climate change.

 

[Independentthinker]

When did it begin to spike upwards?
View attachment 805008
US has paid an alarming $652 BILLION in interest YTD, up 25% since last year.

As rates rise, we will soon see the first ever year with $1 TRILLION+ in annual interest expense.

Interest expense will soon be the US government's biggest expense, even more than social security.

The debt ceiling crisis wasn't the real crisis.

It was simply a distraction.

View attachment 805009

https://www.fiscal.treasury.gov/files/reports-statements/mts/mts0623.pdf

Not to worry, we can always add onto the national debt to pay the increasing interest expense, or, we can print up some more monopoly money.

 

[elektra]

This is more proof, that we need a businessman like Trump running our country.

The Democrat party has not place in this world.

 

[kyzr]

This is more proof, that we need a businessman like Trump running our country.
The Democrat party has not place in this world.

Last time Trump and Mnuchin cut taxes. That added trillions to the Debt.
IMHO we need someone with a 3-digit IQ.

 

[g5000]

When did it begin to spike upwards?
View attachment 805008
US has paid an alarming $652 BILLION in interest YTD, up 25% since last year.

As rates rise, we will soon see the first ever year with $1 TRILLION+ in annual interest expense.

Interest expense will soon be the US government's biggest expense, even more than social security.

The debt ceiling crisis wasn't the real crisis.

It was simply a distraction.

View attachment 805009

https://www.fiscal.treasury.gov/files/reports-statements/mts/mts0623.pdf

As the Fed raises interest rates to combat inflation, then of course the interest rate on new debt will be higher.

Duh!

Just like the interest on your credit cards.

 

[elektra]

Last time Trump and Mnuchin cut taxes. That added trillions to the Debt.
IMHO we need someone with a 3-digit IQ.

sure it did, if I keep more of my money it is bad cause the democrats spend my money faster than I make it

 

[g5000]

This is more proof, that we need a businessman like Trump running our country.

The Democrat party has not place in this world.

Trump had no idea what he was doing. He blew off Covid as a hoax, then said it would magically disappear. Then he refused to implement testing and allowed Covid to spread like a wildfire, resulting in over 100,000 people's deaths.

His final solution? Inject us with bleach!

Trump is the first president since the last "businessman president", Herbert Hoover, to lose the House, the Senate, and the White House.

“When you test, you have a case. When you test, you find something is wrong with people. If we didn’t do any testing, we would have very few cases.” - Donald Trump, stable genius.

 

[g5000]

]

Labor force participation rate for people ages 25 to 54 in May 2023 highest since January 2007​

​

All this in the face of a strong headwind from the Fed.


.

 

[Harpy Eagle]

When did it begin to spike upwards?

The same time interest rates went up...DUH. All that added to the debt during COVID just made it all that much worse.

Who is the last person you voted for the cut spending?

 

[g5000]

Isn't it just amazing how the Trumptards are DEAD SILENT as Trump runs up massive debt, and then moan and whine when a Democrat is in the White House?

I honestly don't understand how they can stand the STENCH of their hypocrisy.

 

[elektra]

Trump had no idea what he was doing. He blew off Covid as a hoax, then said it would magically disappear. Then he refused to implement testing and allowed Covid to spread like a wildfire, resulting in over 100,000 people's deaths.

Yes, Trump should of fired Fauci and investigated the Wuhan lab and Fauci funding gain-of-function research

Top disease official: Risk of coronavirus in USA is 'minuscule'; skip mask and wash hands

Should I wear a mask? The U.S. infectious disease chief says no: "In the U.S. there is absolutely no reason whatsoever to wear a mask right now."

www.usatoday.com

Fauci doesn't want people to worry about coronavirus, the danger of which is "just minuscule." But he does want them to take precautions against the "influenza outbreak, which is having its second wave."

 

[RhodyPatriot]

When did it begin to spike upwards?

Right around the time Hurricane Joe hit land?