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>> There are so many other issues to worry about at the moment more immediate than solvency. The U.S. government spends about one-third! (roughly 33% to 39%) o
by root-parent 2mo ago
>> There are so many other issues to worry about at the moment more immediate than solvency.
The U.S. government spends about one-third! (roughly 33% to 39%) of individual income tax revenue strictly to pay the interest on the national debt and that is not even paying off the principal balance itself:
https://budget.house.gov/imo/media/doc/cbo_baseline_february_2026.pdf https://budget.house.gov/imo/media/doc/cbo_baseline_february...
A raise in interest rates for treasuries, can bring this into 50% to 60% within days.
Yeah...worry about other things...
- softwaredoug 2mo agoThat 33%-39% goes back into stimulating the global economic system where America is at the center. To people like me that own US Treasuries. You’re not wrong. But it’s not as simple as 33-39% disappearing into a black hoe.
- root-parent 2mo agoYou are trying to pull yourself up by your own bootstraps...
- epsteingpt 2mo agoCorrect - no one can stop the fiscal train!
- root-parent 2mo agoLove the user name...Would love to have an LLM trained on Epstein writings...
- lotsofpulp 2mo agoWhy is the individual income tax revenue important to compare to interest costs? Total interest cost as a percent of total revenue seems like a more holistic comparison, which is 15%. https://fiscaldata.treasury.gov/americas-finance-guide/federal-spending/ https://fiscaldata.treasury.gov/americas-finance-guide/feder...