The Biden Effect!!
America has never been in a deeper deficit. The Committee for a Responsible Federal Budget (CRFB) has reported that America was forced to pay $514 billion in the first seven months of FY2024 on interest costs alone.
This means that America paid more in servicing its debt than on any other program besides Social Security.
https://www.armstrongeconomics.com/armstrongeconomics101/economics/interest-on-us-national-debt-hits-new-record/
America has never been in a deeper deficit. The Committee for a Responsible Federal Budget (CRFB) has reported that America was forced to pay $514 billion in the first seven months of FY2024 on interest costs alone.
This means that America paid more in servicing its debt than on any other program besides Social Security.
https://www.armstrongeconomics.com/armstrongeconomics101/economics/interest-on-us-national-debt-hits-new-record/
The Biden Effect!!
America has never been in a deeper deficit. The Committee for a Responsible Federal Budget (CRFB) has reported that America was forced to pay $514 billion in the first seven months of FY2024 on interest costs alone.
This means that America paid more in servicing its debt than on any other program besides Social Security.
https://www.armstrongeconomics.com/armstrongeconomics101/economics/interest-on-us-national-debt-hits-new-record/
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