š National Debt Explosion: The Fiscal Time Bomb and its Implications
US national debt has reached $35T. Interest payments now exceed military spending and other secret service budgets combined. What are the implications?
by Prof. Richard Werner
National debt has reached a new all-time high of $35 trillion, and counting. If you read this note a few weeks after I wrote it, the chances are the US will already have reached $ 36 trillion in national debt. Just check the debt clockā¦
Since this US debt mostly takes the form of Treasury bonds issued with fixed promises to pay interest, the annual servicing cost of this national debt has now also reached historic proportions.
ā”ļø Read the report here!
British man attacked for entering a āno-go zoneā in London.
A horde of Islamists surrounded him and questioned why he was in ātheirā neighborhood.
They threatened him and began chanting āAllahu Akbarā as they kicked him out.
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 todayās dollars.
That shortfallāmore than $600,000 per coupleāis being made up by younger workers.
āMost of the growth in spending has gone to retirement and healthcare, while programs that promote upward mobility... have been left behindā
https://www.newsweek.com/social-security-medicare-young-workers-cost-10477619