4 ms·
Interest is a percentage of debt. Income through taxes is roughly a percentage of GDP. You could also just compare interest spending vs budget, and lots of pe
by kingstnap 6mo ago
Interest is a percentage of debt.
Income through taxes is roughly a percentage of GDP.
You could also just compare interest spending vs budget, and lots of people do. Spending on interest is roughly $1T out of a total $7T with income of $5.23T
$1T of an incoming $5.23T is pretty concerning. Especially given projections that the $1T is likely to go up significantly over the next decade.