Musk’s Chainsaw Of Damocles | ZeroHedge
Authored by Anders Corr via The Epoch Times,
The U.S. national debt is now $36.6 trillion. Interest is building rapidly due to the high rates offered by the Federal Reserve to bring down inflation during the previous administration.
Starting in 2022, the net interest outlays of the U.S. government started skyrocketing and are headed for $1.63 trillion annually by 2034. That is more than today’s annual defense and Medicaid budgets combined.
Even after some spending cuts instituted (more…)