Feds to start paying 12.4% interest on "I Bonds" Inflation Bonds in November
The feds owe over $25 trillion .... now how are they gonna pay over $3 trillion a year in bond interest payments with only $3.8 trillion a year in tax revenue?
The feds currently spend over $4 trillion a year, currently borrow over $1 trillion a year.
To pay over $3 trillion a year in interest alone means the feds will have to cut over 75% of their spending.
No more military. No more “intelligence” agencies. No more “law enforcement” agencies. No more Social Security. No more FERS. No more Medicare …………
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