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$7.6 Trillion To Roll This Year, 15 Trillion Over The Next 3 Years. Do You Hear Me Now?

What will they do?...Here's one scenario. No one can think of a good scenario.
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Transcript

No transcript...

$7.6 trillion of US government debt will mature in the next year, adding pressure on rates

7,600,000,000,000 Times Each .01 increase is 76,000,000,000 in added interest costs per year ($76 Billion). An increase of .03 (3%) is an extra $228 Billion in interest costs per year…on just this debt. See we borrow short.

Over the next three years, 15,000,000,000,000 has to be refinanced…Say conservatively at 3% higher than it was issued, (cause the numbnuts kept rates down to zero for 12 years to help rich people get richer) —that’s 450 Billion extra per year. Extra per year.

“Interest is currently the fastest growing part of the federal budget. After growing from $221 billion in 2013 to $345 billion in 2020, it has nearly doubled to $659 billion in 2023. Relative to the economy, net interest costs grew from 1.6 percent of GDP in 2020 to 2.5 percent in 2023.”

Anyway, just thought you should know. Maybe someone tell Trump, or Hailey or anyone who might listen.

Thanks for reading Steve Laffey's Substack--on the campaign trail! Subscribe for free to receive new posts and support my work.

Wish George and the gang was with me…Love those guys.

These guys too!

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Steve Laffey's Substack--on the campaign trail
Steve Laffey's Substack--on the campaign trail Podcast
stevelaffey.com. I write/video along the campaign to help you understand how to fix America. We must directly confront our problems. Paid for by Steve Laffey for President