🚨🇺🇸 America may have a bit of a spending problem...
Here’s a breakdown of the interest on U.S. debt:
• $932 BILLION: U.S. payments on federal debt in the first 10 months of FY 2026
• $1.1 TRILLION: Projected amount in debt payments for FY 2026
• $3.1 BILLION: Amount of interest paid per DAY
• ~$300 BILLION: Approximate annual debt payments back in both 2020 and 2021
• 3.2%: Highest amount of impact to GDP since 1991
Interest payments are up $90 billion over last year, and triple the figures of 2020 an '21.
I thought this would start trending DOWN when Republicans gained control of the White House and both chambers of Congress... guess not.
Writer: Jamie