The $39 Trillion Debt Spiral: What the Fall of Cleopatra’s Egypt Teaches Us About the Fed’s Next Move
The U.S. national debt just breached $39 trillion.
To service that debt, the Treasury is now paying over $1.2 trillion a year in interest alone. That is more than we spend on national defense. It is more than we spend on Medicare.
We are borrowing money just to pay the interest...
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