The US National debt is up $1.8 trillion since the debt ceiling “crisis.” It took the US 209 years to add the first $1.8 trillion in debt. We just did it in 8 weeks after a “historic” debt ceiling deal. This is unsustainable.
US spending "unexpectedly" soared 15% to $646 billion in June. The US has paid a record $652 billion in interest through June. Let us know if you’d like us to break down July debt numbers when they come out. Follow us @KobeissiLetter for real time analysis as this develops.
@KobeissiLetter The rate of change is what breaks "things" We have seen a very high rate of change over the last decade relative to previous decades
@KobeissiLetter Explain this in football terms. Then the majority of Americans who don't pay attention to the government debt may realize how dangerous this situation is.
@KobeissiLetter I can’t understand the fiscal policy in this country
@KobeissiLetter @RMConservative This train has no brakes. There are to many moving parts to stop it.
@KobeissiLetter The irony we have been unsustainable since 1990
@KobeissiLetter This is why we see so many diversionary, shiny objects: Gun control Abortion Inclusion Aliens AI Climate change