Quote:
Originally Posted by sdskinsfan2001
2022 spending:
399 Billion on debt interest spending. Not on paying down the debt, just the interest on the debt.
That's fucking disgusting!!
"In late May, the Congressional Budget Office (CBO) projected that annual net interest costs would total $399 billion in 2022..."
https://www.pgpf.org/analysis/2022/1...-national-debt |
But what do you do?
We have to raise the debt limit. This isnt about new spending under President Biden but paying off our credit card debt for purchases we already made.
We cant default ... in this economic climate it might be a disaster. Maybe we could, let the S&P take a huge hit then rich people can swoop in with cash in hand and get richer.
Solution - balance budget going forward? Everything neutral and stop with the "political math" that this bill will pay for itself when the GDP reaches 9.8%