"We need policymakers to come together, agree to reduce deficits ... and put our national debt on a downward sustainable path as a share of the economy."
interest payments on the debt are expected to exceed $1 trillion this year
If my finger-counting math is right ye yanks, on average (including children), are paying ~$250 a month just in interests… I ain’t no economist but that seems like a lot.
If my finger-counting math is right ye yanks, on average (including children), are paying ~$250 a month just in interests… I ain’t no economist but that seems like a lot.
It’s actually worse than this if you just consider the number of working adults.
Which is about 165 million.
Which means every working adult is paying ~$500/m just on the interest.
Which… Isn’t working, at all, the US is cooked.