America’s national debt is over $32 trillion now.
BREAKING: The US gross national debt has now exceeded $32 trillion, the most ever.
— unusual_whales (@unusual_whales) June 16, 2023
Interest payments on this debt are out of control.
Interest payment on US public debt is at record highs – over $928 billion
At this rate, it’s likely going to end up being the largest item on the Federal Budget pic.twitter.com/xxAC5HKdyq
— Game of Trades (@GameofTrades_) June 12, 2023
Servicing the debt is only going to get increasingly expensive since interest rates keep rising.
No reasonable person can look at this situation and think that this is sustainable. This is the type of thing that happens when an empire is on its last legs.
