The US government's interest payments on national debt have dramatically increased from $1 billion annually in 2020 to $3 billion per day today, representing a massive strain on the national debt system that affects mortgage rates, corporate borrowing costs, and overall economic stability.
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US Debt Skyrockets: Billions in Daily Interest #shortsAdded:
We were paying 1 billion in interest in 2020. Now, why does this matter as a signal for you to understand? A 5% 30-year Treasury means the government must pay more to borrow. So, now the government has to pay more to borrow.
Mortgage rates uh stay elevated.
Corporate borrowing becomes more expensive. Okay, the debt system begins to strain. So, we have a massive strain on the debt system. Well, our whole system is debt, guys. We were paying 1 billion in interest in 2020. Guess what we're paying today?
3 billion a day.
A day.
That's like let that sink in. We're paying 3 billion a day in interest on the US debt.
Okay, just 6 years we went up 2 billion a day in interest.
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