The US Federal debt interest expense has reached $514 billion in the first seven months of Fiscal Year 2024. This amount surpasses spending on National Defense ($498 billion), Medicare ($465 billion), and Medicaid ($355 billion). Interest payments are projected to soon exceed $1 trillion annually, with expectations to hit $1.7 trillion by April 2025. Net interest payments as a share of GDP are set to reach 3.9% by 2034, the highest in history, surpassing levels seen during the 1990s and World War II. Net interest is expected to account for 75% of the budget. The rising interest expense is becoming a significant concern for the US debt crisis.
US government interest expense has crossed $1 TRILLION And at this rate, is expected to hit $1.7 trillion by April 2025 US debt crisis is now becoming a major concern ht g.o.t. https://t.co/RhSggr6Yn3
You can’t make this up: US government interest expense has crossed $1 TRILLION And at this rate, is expected to hit $1.7 trillion by April 2025 US debt crisis is now becoming a major concern https://t.co/4KtaKZIgXA
Shocking stat of the day: US net interest payments as a share of GDP are set to reach 3.9% by 2034, the highest in history. This exceeds the all-time record percentage seen in the 1990s as well as World War II levels. Net interest is expected to account for 75% of the budget… https://t.co/dC9cplGhP1
The "most important chart" shows federal spending soaring to astronomical levels. Just three parts of the budget drive unsustainable deficits. Interest payments will soon top $1 trillion per year. The Fed was forced to end the era of super-low interest rates and investors are… https://t.co/GDy9oDnvoq https://t.co/UZvDn3Fx9C
NET interest expense on US Federal debt reached a MASSIVE $514 billion in the first 7 months of Fiscal Year 2024. This is higher than spending on National Defense ($498 billion), Medicare ($465 billion), and Medicaid ($355 billion). Interest has also surpassed money spent on… https://t.co/pY9L6tnoWt