The U.S now spends more money on servicing its debt than national defense….Medicare spending has almost reached $1 trillion

Good Morning Everyone! The U.S now spends more money on servicing its debt than national defense.

Let that sink in. pic.twitter.com/VrDjjnRzXp

— Genevieve Roch-Decter, CFA (@GRDecter) May 17, 2023

Medicare spending has almost reached $1 trillion pic.twitter.com/sn6WEqLaDG

— Cheddar Flow (@CheddarFlow) May 16, 2023

🚨 The Treasury General Account fell an astounding $52 billion on Monday leaving only $87 billion left 👀 😬 https://t.co/mXGUFuTYh1 pic.twitter.com/3clW1tD04U

— Financelot (@FinanceLancelot) May 16, 2023

$50 billion for interest payments on the debt.

YTD 25% higher than last year.

This trend will eventually force the Fed back into buying US Treasury debt and driving rates back to below 1%. https://t.co/Gos8C7Ap2d

— Wall Street Mav (@WallStreetMav) May 17, 2023