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The Eye-Popping Interest Payment Spike On Our National Debt

via CNN
This article was originally published at StateOfUnion.org. Publications approved for syndication have permission to republish this article, such as Microsoft News, Yahoo News, Newsbreak, UltimateNewswire and others. To learn more about syndication opportunities, visit About Us.

The combined net worth of prominent US billionaires falls short of covering a single year’s interest payment on the country’s $34 trillion national debt.

Despite their total net worth of around $726 billion, the interest on the national debt stands at $730.8 billion, indicating a significant disparity.

Interest payments have been rapidly increasing, making it clear that suggested tax increases are insufficient to address the debt, especially as interest payments continue to rise. (Trending: Bombshell J6 Footage Raises Questions About Pelosi’s Team)

The national debt is projected to surpass $46 trillion by 2028, equating to over $300,000 in debt for each American taxpayer.

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