Interest on the national debt rose 40%, or $107 billion, already $374 billion for the 1st 7 months of fiscal 2023. as spending soars, revenues fall

[basquebromance]

wake up america, dems wanna break us! revenue fell by 135 billion in April as spending rose 12 percent (400 billion) from last year, according to the guy in the video, who got his info from WSJ

 

[Dekster]

wake up america, dems wanna break us! revenue fell by 135 billion in April as spending rose 12 percent (400 billion) from last year, according to the guy in the video, who got his info from WSJ

It isn't because of income or revenue. It is because of rising interest rates. The long and short of this started under Obama and continued under Trump. When 30 year bonds became due, the government refinanced them with shorter-term low interest bonds. Those bonds plus whatever 30 year bonds are coming due are now be refinanced at higher rates. Here is a snippit of what treaury rates have been looking like since 2008 (and before):