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….
Discussion
where’s Foss when you need him
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It’s almost as though these aren’t real numbers, that is. So ridiculous, nobody on earth, can imagine numbers this big, and yet the apathy continues to our main stream plebs.
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.
I keep thinking end game and we keep going into overtime
Lucky Americans...
I genuinely want it to break so the rest of the world can breath.
⚡You've been #zapped 100 sats by https://lightningrelay.com join our paid relay for a smoother nostr
No worries, he’s got it 
I’m old enough to remember when the FoxNews crowd was collectively *freaking out* about the $800B TARP rescue package. How far we’ve come.
"It's going up forever, Laura!"
I guess they don’t teach how to budget in business school.
👀
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This is getting broader attention. See eg https://m.youtube.com/watch?v=PVgBWV2bvLs&list=PLn5MTSAqaf8peDZQ57QkJBzewJU1aUokl&index=1&t=5474s
🤡🌎
Lolololololololol
Debasing and eventually Default…
My children can manage money better than the Treasury.
It is also bizarre that social security and income security combined amounts to ~79% of the individual income tax.
🤪Is that all?🤣
Although the Fed's interest rate hike will lead to a debt crisis, the debt crisis can be alleviated compared to inflation that has shaken the status of the US dollar as an international currency.
1. Force economically powerful countries to share their own debts.
2. Politicians need to start wars elsewhere to bring safe-haven capital and assets into the United States.
Under the trend of US dollar interest rate hike and weakening, #Bitcoin and #Nostr will have a better opportunity for development.
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Woof
A prospective (likely generous) view: https://www.fiscal.treasury.gov/reports-statements/financial-report/statements-of-long-term-fiscal-projections.html
one ugly WOKE Bitch, send her to Hell before she indebts our kids more, a theif woke Whore🤣
Time to rewatch your “Is Hyperinflation Coming” episode on What Bitcoin Did.
I remember the mic drop moments coming out like cannons!
Wow, really disappointed. Everything else they project is on target 🤣
Go, Janet, go! And here I am trying to reduce my debt and spending, like I live in the real world or something!
I can hear Foss jumping up down talking about 8th grade math folks…..unsustainable. ⚡️🧡💜⚡️
GeNIuS.
🤦♂️
Haha these numbers…
Damn they really fucked up, right?
Debt spiral 😵💫
That can't be good.
My word