Interest on US Federal debt is out of control:
— The Kobeissi Letter (@KobeissiLetter) April 23, 2024
The annual interest expense on US debt is literally moving in a straight line higher, now at $1.1 TRILLION.
To put this in perspective, less than 3 years ago the annual interest expense on this debt was $450 billion.
That's a 144%… pic.twitter.com/DVaO3TYe10