Taken from the above. Before anyone accuses me of screaming "the sky is falling" I'd like FA's and anyone good with numbers/economics to try and compare these numbers to current wages or GDP..and then go back in time and see if we are really spending lots more now versus wages/GDP/debt at other points in history.
"The US has added $100,000 in Federal debt EVERY SECOND over the last year.
Since March 1st, the US has been adding a staggering $10 billion in debt PER DAY. That's $417 million per hour, $6.9 million per minute and $115,740 per second.
As interest rate cuts are priced out, we could see $1.7 TRILLION in annual interest expense in just one year from now. Even if the Fed cut rates 6 times this year, interest expense will still hit $1.2 trillion next year. Ironically, the US government needs lower interest rates more than anyone."
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