Wall Street Mav
@WallStreetMav · Sep 17, 2023
We have about $7.6 Trillion (with a T) in national debt that is coming due within the next 12 months.
Most of that older debt that is maturing the government currently pays between 0% to 1% interest on, because much of it was issued before 2022.
Now as that debt matures, the
E.J. Antoni, Ph.D.@RealEJAntoni· Sep 17, 2023Even in real (inflation-adjusted) terms, interest on the debt is exploding at a pace never seen before with no end in sight. But @SecYellen thinks this is fine; pretty sure there's a gif for that...
Elon Musk
@elonmusk
Yikes
04:09 PM · September 17, 2023 · 187.7K views
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