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The US Government is Paying $3,000,000,000 in Interest on National Debt Every 24 Hours
Excessive government spending is coming to a critical mass as the U.S. government has to pay $3 BILLION in interest every day, leading to $1.2 Trillion in Interest payments having to be paid by the end of 2024. This money needs to be extracted directly from the U.S. taxpayers and has the potential to destroy the nation's economy. What does the government need to do to quell the situation (or at least start to) and how can we protect ourselves? Swiss America CEO Dean Heskin and Chris Agelastos explore the situation and answer the important questions about our debt, economy and savings on this edition of The Secret War on Cash.
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Articles referred to in this podcast:
https://www.investopedia.com/why-interest-payments-are-blowing-up-the-federal-budget-8712197
https://dailyhodl.com/2024/09/15/us-government-paying-3000000000-in-interest-on-national-debt-every-24-hours-report/
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