To get a clear idea of the scale of the national debt issue, here is a web article with a very interesting graph:
www.independent.org
The issue is complex, and has factors such as the total debt, the phased timing of payout of Bonds issued, and the prime interest rate at the time of payout.
Note that the graph appears to be one of exponential increase. Financially, that is a disaster for the American Tax payer. We can do certain things in tax policy to somewhat alleviate the pain, but at the expense (*sic) of angering the Global Wealthy Elites who were counting getting paid the $1T.
If the Fed Reserve holds off changes or even lowers the prime rate, it will lower that $1T a year considerably, but it will piss off people like Warren Buffet and Bill Gates, and allot of foreigners such as middle eastern oil wealthy royalty, who would be the recipients of the money.
Because America simply does not have the money to retire the $39T in principle of the debt, we have no choice but to pay off the current bonds, and then instantly or even ahead of time, issue new bonds, at a different (and probably higher) interest rate. Meaning, no matter what we do, the Globalist Wealthy will end up with all our money, because we are burdened with the debt, and cannot seem to live within our means.
This was done by the puppeteers of Biden, Deliberately, to destroy the United States.
It may be financially too late to save America. At the very best, it will be very painful to lower our budget to not just zero deficit, but also have a small surplus, of several hundred Billion a year, to begin paying off the principle.
The ERA of America being able to finance the rest of the third world, and the largess of the U.N., and NATO, is over.
America is now the world's pauper nation. This is why they spent billions to insure that Biden the Puppet was cheated into office in 2020.
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Total Interest on U.S. National Debt Now Exceeds $1 Trillion a Year: News Article - Independent Institute
Sustaining the U.S. national debt has become very expensive thanks to rising interest rates. The annual cost of paying the gross interest on the national
www.independent.org
The issue is complex, and has factors such as the total debt, the phased timing of payout of Bonds issued, and the prime interest rate at the time of payout.
Note that the graph appears to be one of exponential increase. Financially, that is a disaster for the American Tax payer. We can do certain things in tax policy to somewhat alleviate the pain, but at the expense (*sic) of angering the Global Wealthy Elites who were counting getting paid the $1T.
If the Fed Reserve holds off changes or even lowers the prime rate, it will lower that $1T a year considerably, but it will piss off people like Warren Buffet and Bill Gates, and allot of foreigners such as middle eastern oil wealthy royalty, who would be the recipients of the money.
Because America simply does not have the money to retire the $39T in principle of the debt, we have no choice but to pay off the current bonds, and then instantly or even ahead of time, issue new bonds, at a different (and probably higher) interest rate. Meaning, no matter what we do, the Globalist Wealthy will end up with all our money, because we are burdened with the debt, and cannot seem to live within our means.
This was done by the puppeteers of Biden, Deliberately, to destroy the United States.
It may be financially too late to save America. At the very best, it will be very painful to lower our budget to not just zero deficit, but also have a small surplus, of several hundred Billion a year, to begin paying off the principle.
The ERA of America being able to finance the rest of the third world, and the largess of the U.N., and NATO, is over.
America is now the world's pauper nation. This is why they spent billions to insure that Biden the Puppet was cheated into office in 2020.
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