2 ms·
So the US borrows annually around $1.6T and pays in interest almost $0.7T. That means that it's burning $0.7T yearly to increase the debt by a trillion? And the
by mihaic 2y ago
So the US borrows annually around $1.6T and pays in interest almost $0.7T. That means that it's burning $0.7T yearly to increase the debt by a trillion? And the entire amount of taxes collected from corporations is less than two thirds of the interest?
I learned more than I was expecting from this.