Replies to post #27162 on Cycle Trading

[dotnet]

yes. around 800b.

Nervously charting the end of an empire...

Government Interest Expense on US Public Debt:

Treasury spending on interest payments to service it's debt has surpassed the 2022 defense budget of ~$722 billion.

Unless the Fed reverses course and lowers interest rates, spending on… pic.twitter.com/DzE7jKijZz

— Mark Harvey (@thepowerfulHRV) February 13, 2023

[No-Quarter]

It is not clear how this ends well.

Highest since WWII, and over three times as long (so far) with no end in sight.

https://www.thebalancemoney.com/national-debt-by-year-compared-to-gdp-and-major-events-3306287