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Interest Payments on the Ballooning Federal Debt vs. Tax Receipts &; GDP: Not as Bad as in 1982-1997‚ but Getting There
by Wolf Richter‚ Wolf Street: Our drunken sailors in Congress better head to the detox. The magnificently ballooning US government debt is rapidly approaching $34 trillion (now at $33.84 trillion)‚ up from $33 trillion in mid-September‚ and up from $32 trillion in mid-June‚ amid a tsunami of issuance of Treasury securities to fund the stunning government deficits. But inflation […]
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