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Mario Nawfal
@MarioNawfal
Largest Show on X (Live Daily 10am-8pm ET) | 24x7 Writers Covering News | Investor 700+ Startups | Founder @ibcgroupio ,
๊ฐ€์ž… October 2020
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๐Ÿšจ๐Ÿ‡บ๐Ÿ‡ธ America may have a bit of a spending problem... Hereโ€™s a breakdown of the interest on U.S. debt: โ€ขโ  โ $932 BILLION: U.S. payments on federal debt in the first 10 months of FY 2026 โ€ขโ  โ $1.1 TRILLION: Projected amount in debt payments for FY 2026 โ€ขโ  โ $3.1 BILLION: Amount of interest paid per DAY โ€ขโ  โ ~$300 BILLION: Approximate annual debt payments back in both 2020 and 2021 โ€ขโ  โ 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
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