Wall Street Mav
@WallStreetMav · Jan 27, 2023
US paid $853 Billion in Interest for $31 Trillion Debt in 2022; More than Defense Budget in 2023.
If the Fed keeps rates at at these levels (or higher) we will be at $1.2 trillion to $1.5 trillion in interest paid on the debt.
The US govt collects about $4.9 trillion in taxes.
Elon Musk
@elonmusk
A quarter of all taxes just to pay the interest on the debt
10:52 PM · January 27, 2023 · 6.6M views
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