Congressional Spending Goes Full Weimar

Other such scenarios include massive cyber-attacks that shut down the grid and block communication and transportation networks nationwide.

The speculation on the variations of such events is virtually endless.

The total discretionary spending for the U.S. government in Fiscal Year 2024 is approximately $1.70 trillion.

This amount is split between $886 billion for defense and $688 billion for non-defense programs.

In the fiscal year, the U.S. government is also projected to spend approximately $4.19 trillion on mandatory programs.

These programs include interest on the debt, Social Security, Medicare, Medicaid, VA, and other programs.

We have an annual structural deficit in excess of $2 trillion that will soon grow exponentially.

These programs include interest on the debt, Social Security, Medicare, Medicaid, VA, and other programs.

While these numbers are bad enough, it becomes alarming knowing that another trillion dollars of debt will be added every 90 days, then 80, then 70, and in ever smaller time frames into the future.

Currently, gross interest on the debt is roughly $1 trillion annually.

In 10 years, interest on the debt could reach $5 trillion yearly.

Altogether, the Treasury will have to settle $6 trillion of existing debt this year, which includes financing new debt for this year and the rollover of old debt from prior years.

As more of this old, cheap debt comes due and is reissued at higher rates, the cost of servicing the debt will grow exponentially.

We are already at historic debt levels while spending frivolously and shoveling money overseas. 

https://www.americanthinker.com/articles/2024/04/congressional_spending_goes_full_weimar.html