american tax revenue is now just enough to service the debt. in other words, the government is bankrupt! they will have to cut interest rates and fire up the money pump to avoid chaos. golden times for hard assets!
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54 sats \ 3 replies \ @Bell_curve 8 Feb 2024
6 trillion dollar budget is insanity
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119 sats \ 2 replies \ @GhostofTruth OP 8 Feb 2024
They want to destroy Your country. This is no joke!
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0 sats \ 1 reply \ @gmd 9 Feb 2024
what's your country?
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109 sats \ 0 replies \ @GhostofTruth OP 9 Feb 2024
I'm german living in Spain
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0 sats \ 3 replies \ @02bcd3eeb0 9 Feb 2024
That's comparing apples and oranges
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0 sats \ 2 replies \ @GhostofTruth OP 9 Feb 2024
In what way?
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100 sats \ 1 reply \ @02bcd3eeb0 9 Feb 2024
Your comparing US federal tax receipts to the interest on total debt (public and private) in the US.
The interest on US federal government debt is ~900B dollars a year currently.
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0 sats \ 0 replies \ @GhostofTruth OP 9 Feb 2024
boah shit. you're right, thanks for the clarification. but i think the interest payments of the state will continue to rise massively anyway, so the ratio will soon be right
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