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312 sats \ 0 replies \ @kr OP 31 Jan 2023 \ on: Federal government interest payments are going wild bitcoin
q2 2022: $650 billion
q3 2022: $750 billion
q4 2022: $850 billion
we’re getting close to a $4 trillion annual run rate for interest payments, while total revenue for the US government is only expected to be $4.7 trillion this year.
In other words, all the annual tax payments from all americans and corporations is barely sufficient to make interest payments on debt today.