US Paid More Interest in ’22 On Nat’l Debt Than ’23 Defense Budget
View Source | January 29, 2023 1:09 pm
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- The analysis was postered on the Twitter by Wall Street Silver and appears to be derived, at least in part, from data from the U.S. Bureau of Economic Analysis that is included in the post.
- The analysis also found if the Federal Reserve keeps interest rates now higher levels the U.S. will be at $1.2 trillion to $1.5 trillion in interest paid on the debt.
- The federal government collects about $4.9 trillion in taxes, the analysis also found.
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