US Debt is unsustainable

[searcher]

U.S. deficit tops $1.8 trillion in 2024 as interest on debt surpasses trillion-dollar mark​

• The Biden administration rang up a budget topping $1.8 trillion in fiscal 2024, up more than 8% from the previous year and the third highest on record.
• Interest expense for the year totaled $1.16 trillion, the first time that figure has topped the trillion-dollar level.

The Biden administration rang up a budget deficit topping $1.8 trillion in fiscal 2024, up more than 8% from the previous year and the third highest on record, the Treasury Department said Friday.

Even with a modest surplus in September, the shortfall totaled $1.833 trillion, $138 billion higher than a year ago. The only years the U.S. has seen a great deficit were 2020 and 2021 when the government poured trillions into spending associated with the Covid-19 pandemic.

More:

https://www.cnbc.com/2024/10/18/us-deficit-tops-1point8-trillion-in-2024-as-interest-on-debt-surpasses-trillion-dollar-mark.html

 

[nickndfl]

Whatever happened to logic and fiscal responsibility?

 

[Joe King]

Whatever happened to logic and fiscal responsibility?

Went out the door well over a Century ago.

Manna from Heaven is the "in" thing now.

 

[Goldhedge]

Whatever happened to logic and fiscal responsibility?

Bribes and treason...

 

[Goldhedge]

Buckle up!

 

[Goldhedge]

Compare and contrast





But China has a shit ton of gold....