Annual Interest on US National Debt Approaches One Trillion Dollars!
carltondelfeld.substack.com
The Congressional Budget Office (CBO) said yesterday that the U.S. national debt could top $56 trillion by 2034, as spending and interest expenses soar. The increasing costs of Social Security and Medicare continue to climb, along with rising interest rates, which have made it more costly for the federal government to borrow massive sums of money.
Annual Interest on US National Debt Approaches One Trillion Dollars!
Annual Interest on US National Debt…
Annual Interest on US National Debt Approaches One Trillion Dollars!
The Congressional Budget Office (CBO) said yesterday that the U.S. national debt could top $56 trillion by 2034, as spending and interest expenses soar. The increasing costs of Social Security and Medicare continue to climb, along with rising interest rates, which have made it more costly for the federal government to borrow massive sums of money.