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IPFS News Link • Government Debt & Financing

The 2024 Debt Spiral: How $1 Trillion in Interest Is Breaking the Federal Budget

• International Man - Nick Giambruno

That's because the federal interest expense increases as interest rates rise.

As the federal interest expense rises, so does the budget deficit.

As the budget deficit increases, so does the currency debasement needed to finance it.

Skyrocketing interest expense will have an enormous impact on the US budget.

Even according to the US government's rosy projections, the interest expense on the federal debt will exceed $1 trillion for the first time in 2024… and it shows no sign of slowing down. On the contrary, it's growing exponentially.