The United States national debt has reached a new high of $34.1 trillion, marking a $2.7 trillion increase in just 12 months. Critics have pointed out the inconsistency in the government's messaging, which touts 'fiscal responsibility' while facing a $2 trillion deficit, described as 'INSANE and UNSUSTAINABLE'. In 2017, Treasury Secretary Janet Yellen found a $20 trillion national debt alarming, but her stance appears to have shifted despite the current $34 trillion debt and $1 trillion in annual interest payments. Projections indicate that the annualized interest on the federal debt is expected to surpass $3 trillion by the fourth quarter of 2030. Despite these figures, Yellen has stated that the 'REAL DEBT SERVICE COSTS' are still 'QUITE MANAGEABLE', even with a 7% non-wartime deficit.
Yellen 2017: $20 trillion national debt should keep people awake at night. Yellen 2024 with $34 trillion debt & $1 trillion interest payments: "YELLEN SAYS REAL DEBT SERVICE COSTS STILL ‘QUITE MANAGEABLE’" https://t.co/FUGUf221vR
Height of Hypocrisy: So Yellen thought a $20 trillion national debt in 2017 was ALARMING and should keep people up at night! And only a few hundred billion deficit was concerning... But now a $34 trillion national debt is no concern, nor is a $2 trillion (7%) non-wartime… https://t.co/mVRawUXSAp
Height of Hypocrisy: So Yellen thinks a $20 trillion national debt is alarming and should keep people up at night! And a few hundred billion deficit. But now a $34 trillion national debt is no concern, nor is a $2 trillion (7%) non-wartime deficit And for the geniuses, debt is… https://t.co/dOVQPErzoE
This is incredible: Annualized interest expense in the US is already above $1 trillion for the first time ever. But, if you look at projections it's expected to reach $3 trillion by Q4 2030. Even if you adjust for inflation, interest is on track to hit $2 trillion per year in… https://t.co/i3omf5gLyk
Has no one else noticed this from Q4 GDP report? Annualized interest on the federal debt now exceeds $1 trillion and is projected to breach $3 trillion, annualized rate, by Q4 2030 - INSANE and UNSUSTAINABLE: https://t.co/7uHEpHk4WA
Yesterday US debt hit $34.1 trillion. A year ago it was $31.4 trillion. A $2.7T increase in 12 months. Gaslighting level expert: Present $2 trillion deficits as far as the eye can see as "Fiscal responsibility" while not even getting the 1st year forecast remotely correct: https://t.co/27zf7JsviL