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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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!
6 trillion dollar budget is insanity
They want to destroy Your country. This is no joke!
what's your country?
I'm german living in Spain
That's comparing apples and oranges
In what way?
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.
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