Hartnett: US Debt To Rise By $5.2 BIllion Every Day For The Next 10 Years

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by Tyler Durden
Saturday, Aug 05, 2023 - 12:00 AM

Just a few weeks after we first reported that as a result of collapsing government tax receipts...

... and the resulting explosive surge in the US budget deficit, better known as "Bidenomics", interest on US debt was projected to hit an unprecedented $1 trillion in just a few months, surpassing US defense outlays, and set to rise exponentially now that the US has crossed the Minsky moment and entered the endgame phase...