We know what’s coming and we are prepared.
📈 🇺🇸 💵 Annualized interest expense on US Federal debt is nearing $1.1 TRILLION.
To put this in perspective, 2023 defense spending was $821 billion.
This means the US is on track to spend 34% MORE on interest expense than defense spending.
In 2023, the US government produced $4.4 trillion in revenue.
This means that 25% of receipts in the entire 2023 are equivalent to our annual interest expense.
If it looks like interest expense is moving in a straight line higher, that’s because it is.
Rising rates and falling tax revenue are both occurring at the same time.
What’s the game plan here?
📎 Kobeissi Letter
British man attacked for entering a ‘no-go zone’ in London.
A horde of Islamists surrounded him and questioned why he was in ‘their’ neighborhood.
They threatened him and began chanting ‘Allahu Akbar’ as they kicked him out.
Minister of State for Courts and MP for Finchley and Golders Green, Sarah Sackman, says religious courts like 'Shariah' are a fundamental part of 'British Values'.
A 65-year-old couple retiring in 2025 with average earnings will receive an estimated $1.34 million in lifetime benefits, while contributing only $720,000 in today’s dollars.
That shortfall—more than $600,000 per couple—is being made up by younger workers.
“Most of the growth in spending has gone to retirement and healthcare, while programs that promote upward mobility... have been left behind”
https://www.newsweek.com/social-security-medicare-young-workers-cost-10477619
