tldr; The US government spent nearly $1 trillion on interest for its national debt in the 2024 fiscal year, according to the Congressional Budget Office. The budget deficit was approximately $1.8 trillion, with $4.918 trillion in revenue and $6.752 trillion in spending. Interest on public debt was the second-largest expense after Social Security. The national debt has reached $35.693 trillion, growing significantly faster than the economy, which has only increased by $1.5 trillion since June 2023.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
pcm2a on
When the U.S. government gets to a breaking point where it cannot print more money, does that help or hurt crypto?
timbulance on
Everything is not fine
cali_dave on
**US** ~~Government~~ **Taxpayers Pay**~~s~~ **$950,000,000,000 in Interest on National Debt in Just One Year, Says Congressional Budget Office**
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tldr; The US government spent nearly $1 trillion on interest for its national debt in the 2024 fiscal year, according to the Congressional Budget Office. The budget deficit was approximately $1.8 trillion, with $4.918 trillion in revenue and $6.752 trillion in spending. Interest on public debt was the second-largest expense after Social Security. The national debt has reached $35.693 trillion, growing significantly faster than the economy, which has only increased by $1.5 trillion since June 2023.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
When the U.S. government gets to a breaking point where it cannot print more money, does that help or hurt crypto?
Everything is not fine
**US** ~~Government~~ **Taxpayers Pay**~~s~~ **$950,000,000,000 in Interest on National Debt in Just One Year, Says Congressional Budget Office**
FTFY.