First, let's have a look at how we got here.
was $562 billion including government transfers. The amount actually paid out to holders of U.S. securities was $413 billion. Compare the $413 billion we pay in interest to holders of these securities to the annual budgets of other parts of the government. The State Department annual budget is"only" $35 billion and the Justice Department $39 billion.Here's why: According to the Congressional Budget Office, theon the national debt in FY 2021 was approximately 1.5%, historically a very low figure.
As interest rates rise, which they have in dramatic fashion in January, so will the interest rate paid on newly issued Treasury securities. While this is happening, our national debt is exploding.
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Stock Futures Rise After a Rocky Week as Fed Rates Call LoomsU.S. stock futures posted strong gains ahead of the Federal Reserve’s announcement that is expected to provide clarity on coming interest-rate rises—the prospect of which spooked markets this week. 👇🏼🔞👇🏼 👇🏼🔞👇🏼 Boo
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