02/15/2024
The US is borrowing $90k per second Biden’s newest spending plan will raise the deficit from $24T to $48T by 2034 !!!! This deficit spending is unsustainable
Interest on the current national debt (largely held by China) is almost $1T year and the government takes in around $3-4T in revenue So the interest alone is 1/4-1/3 of income and is already greater than our national defense budget!