Comment on The Treasury just declared the U.S. insolvent. The media missed it

humanspiral@lemmy.ca ⁨2⁩ ⁨weeks⁩ ago

…yahoo.com/…/treasury-just-declared-u-insolvent-1… (for those who want to read through paywall)

Current public debt is $31.27T. At 4% average interest that is $1.25T/year in interest. Recent 0.4% rise in interest rates is an extra $125B in interest. Over $6k/year in interest per American 18-64. Was a $2.5T increase in debt and obligations for FY25. Another huge number is $15T in future benefits for Federal workers. $75k/working age adult.

The '26 budget deficit will be much higher

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