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interest payments on the Federal debt are now higher than the annual defense spending

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Monetarists freaking out….  F’em….  😂😂😂😂The US government interest payments on the Federal debt are now higher than the annual defense spending.This is likely the initial stages of a trend, and if no solutions are implemented, other components of the fiscal agenda may soon be constrained by the escalating cost of… pic.twitter.com/hBY2haxNyG— Otavio (Tavi) Costa (@TaviCosta) July 20, 2023

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Monetarists freaking out….  F’em….  😂😂😂😂





Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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