During the 2024 fiscal year, net interest costs on the debt have totaled $601 billion — more than the government has spent on health care or defense and more than four times what it has laid out for education.
Regardless of whether they keep rates 'higher for longer' or they lower them, all roads lead to the money printer going brrr.
This is like a morbidly obese person saying everything will be ok if I switch to Diet Coke.
…or like a titanic passenger saying, “we should be fine as long as we don’t take in anymore water.”
https://m.stacker.news/35182
Good analogy
I mean in what world is it going to remain in the same place?
That's for sure. I think she means as a percentage, but still.
https://national-debt-snake.vercel.app/
Sorry mobile users, but I just gotta share this here.
Her primary duty is to maintain the enthusiasm among all the departments.
LMAO 🤣🤣🤣
Funny, right?
Regardless of whether they keep rates 'higher for longer' or they lower them, all roads lead to the money printer going brrr.
I wonder how people still believe in the system.
"If" lol
Her job is to maintain confidence for as long as possible. In spite of reality. It is her job. Once you get this you begin to see clearly.
sorry, couldn't resist! 😂