Home Stock Market 34% of revenue will go into interest payment on 31T Debt : stocks

34% of revenue will go into interest payment on 31T Debt : stocks

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34% of revenue will go into interest payment on 31T Debt : stocks

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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.

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