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!
54 sats \ 3 replies \ @Bell_curve 8 Feb
6 trillion dollar budget is insanity
reply
119 sats \ 2 replies \ @TomK OP 8 Feb
They want to destroy Your country. This is no joke!
reply
0 sats \ 1 reply \ @gmd 9 Feb
what's your country?
reply
109 sats \ 0 replies \ @TomK OP 9 Feb
I'm german living in Spain
reply
0 sats \ 3 replies \ @02bcd3eeb0 9 Feb
That's comparing apples and oranges
reply
0 sats \ 2 replies \ @TomK OP 9 Feb
In what way?
reply
100 sats \ 1 reply \ @02bcd3eeb0 9 Feb
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.
reply
0 sats \ 0 replies \ @TomK OP 9 Feb
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
reply