US Debt: $14B Weekly Interest, $3T Tariff Plan
Update: 2025-12-05
Description
The U.S. governments debt burden is escalating, with $104 billion in interest paid in just nine weeks. This represents 15% of federal spending, averaging over $11 billion per week. Economists urge changes, suggesting reduced borrowing or new revenue sources. The administration proposes tariffs, but these are estimated to yield $3 trillion less than predicted. Additionally, a plan to distribute tariff money directly to individuals could cost $600 billion annually. Government borrowing is not decreasing, with plans to issue $158 billion more debt in the first half of this fiscal year. Deutsche Bank predicts widening global deficits, including in the U.S., potentially reaching 6.7% in 2026. Theres also discussion of a Great Wealth Transfer over the next two decades, which could provide increased tax revenue.
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