Posted on Feb 19, 2024
Interest costs on US national debt set to exceed defense spending this year
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"For years, the U.S. has been able to borrow cheaply as interest rates have remained historically low. However, as the federal funds rate has increased, so have short-term rates on Treasury securities, making federal borrowing more expensive."
This is how President Biden's policies have affected our Country and us. We will probably either be bankrupted shortly or taxes are going way up.
This is how President Biden's policies have affected our Country and us. We will probably either be bankrupted shortly or taxes are going way up.
Interest costs on US national debt set to exceed defense spending this year
Posted from foxbusiness.comPosted in these groups: United States Department of the Treasury: Bureau of Public Debt
EconomyFederal Reserve Board
Money
Taxes
EconomyFederal Reserve Board Money Taxes
Posted 7 mo ago
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SFC (Join to see) I can't read the article because of adblock. Be prepared for a tax increase because the government won't cut spending to keep things in check or cut programs. In my opinion, the United States is already bankrupt.
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SFC (Join to see)
We have been for some time. We need to stick with a flat tax percentage for all, no exemptions, and then live withing our budgets. It's that simple.
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