Replying to Avatar preston

The US Treasury needs to borrow $932 billion in the 1Q of 2023.

This is $349 billion more (60% higher), than they thought they would need to borrow since their estimates…..

…..wait for it….

….from the previous quarter….
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Tony 🥩 ⚡ 2y ago

And in a environment where rates are being raised. At some point we won't be able to even pay the interest on the debt we already owe.

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