https://fiscaldata.treasury.gov/americas-finance-guide/government-revenue/
Fed is aiming for a fed fund rate of 5%.
0.05 x 31T debt = 1.55T
US Gov collected 4.41 Trillion worth of revenue this year from taxes
So assuming revenue is 4.5T next year. That’s 34% of all tax revenue going straight into interest payments lmfao.
Press the drop down menu on that website and you can see the spending. US gov already spent 5.35T this year creating a budget deficit.
