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Humble Bitcoiner 2y ago

US federal interest payments are $852.60 billion.

US military budget is $816.70 billion.

Debt spiral 🌀

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Discussion

Michael R. Sullivan 2y ago

If only there was a way out 🙃🧡⚡️

Asanoha 2y ago

beans 2y ago

We are going to the 🌝

BTChodl 2y ago

I think it’s safe to say the US will never pay its federal debt back. Hell the fed won’t even be able to pay their yearly interest payments.

Humble Bitcoiner 2y ago

Roll it over to the next generation

Rmadillo 2y ago

Military ✌️budget✌️

Tetsu Tamasi 2y ago

#[4] 🤡

Andy The Bitcoin Adviser 2y ago

What were tax receipts at the same time?

Humble Bitcoiner 2y ago

Total revenue was $4.9 trillion. But deficit was $1.38 trillion

Andy The Bitcoin Adviser 2y ago

The projections for this year are all way too optimistic as well right?

Humble Bitcoiner 2y ago

Ofcourse! Don’t forget that tax receipts are in a booming economy (pumping equities) also the highest. If we go in a recession, tax receipts will plummet as well

Andy The Bitcoin Adviser 2y ago

They already are plummeting due to a lack of cap gains

Dom 2y ago

Weighted average duration of just over 5 years means this is just the beginning and it's not going to get better...

Thank God for #bitcoin

Humble Bitcoiner 2y ago

Absolutely true