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FY 2024 Net Interest will most likely surpass defense budget

Discussion in 'Political Opinions & Beliefs' started by nopartisanbull, Feb 23, 2024.

  1. nopartisanbull

    nopartisanbull Well-Known Member

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    Source; Monthly Treasury Statement

    1. January 2023 issue, cumulative Net Interest; $194 billion

    End FY 2023 Net Interest; $659 billion

    $194 billion X 3.4 = $659 billion

    2. January 2024 issue, cumulative Net Interest; $283 billion

    Estimated end FY 2024 Net Interest;

    $283 billion X 3.4 = $962 billion

    Nearly ONE TRILLION DOLLARS!

    ————-

    Note; Net Interest is a “must pay”, or default.
     
    Last edited: Feb 23, 2024
    nopartisanbull, Feb 23, 2024
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  2. 557

    557 Well-Known Member

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    Not a problem. Easily solved by increasing spending on defense.
     
    557, Feb 23, 2024
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  3. nopartisanbull

    nopartisanbull Well-Known Member

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    Lol!
     
    nopartisanbull, Feb 23, 2024
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  4. nopartisanbull

    nopartisanbull Well-Known Member

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    Jan 2023 cumulative Net interest; $194 billion
    Jan 2024 cumulative Net interest; $283 billion

    That’s a whole lot of Treasury rollovers at higher interest rates.
     
    nopartisanbull, Feb 23, 2024
    #4

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