Article Image

IPFS News Link • Economy - Economics USA

What stops this train?

• https://www.linkedin.com, The Kobeissi Letter

By 2028, estimates show that the US will spend ~$5 billion per day on interest, more than any other category.

To put this into perspective, the US now spends $3.1 billion per day on Medicare and $2.5 billion per day on defense.

When the cost of your debt becomes your biggest outlay, you know something is broken.

Intervention by the US Treasury is only a short-term "solution."

chart, line chart