Yet Another Way Inflation is Crushing Americans
1 year ago
9
#shorts Our national debt isn’t sustainable. The Chief Economist with the American Legislative Exchange Council Jonathan Williams says it is one of the least discussed elements of the crushing inflation. The Congressional Budget Office assumed that for 2022, we’re going to have roughly $400 billion in interest costs on the national debt. During the Obama administration we were paying about $200 billion a year in interest on the federal debt. That is doubled in the last decade.
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