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CBO projections show US Federal debt rising by $5.2 billion per day for the next 10 years.
However, since the debt ceiling “crisis” came to an end, US debt has jumped by $30 billion per day.
We have added roughly $1 trillion per month in US debt since then.
Interest expense…
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CBO projections show US Federal debt rising by $5.2 billion per day for the next 10 years.
However, since the debt ceiling “crisis” came to an end, US debt has jumped by $30 billion per day.
We have added roughly $1 trillion per month in US debt since then.
Interest expense alone is on track to hit $3 billion per day.
That means EVERY HOUR the US is borrowing $1.3 billion and paying $125 million in interest.
What would happen if the US was a public company?
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