Birdwatch Note Rating
2024-12-11 20:12:04 UTC - HELPFUL
Rated by Participant: EE85D5324A0457635CAD1AAC51EE94C004ACEBDF30BF3ACB5CE2429AA8E79DC6
Participant Details
Original Note:
Interest on the national debt for FY2024 surpassed $1 trillion in late 2024. Revenue for the previous year was $4.4 trillion. Using those figures, interest servicing to revenue ratio stands at 22% and rising. This prediction is not an erroneous projection. https://thehill.com/business/budget/4882733-us-national-debt-gross-interest-payments/ https://markets.businessinsider.com/news/bonds/us-debt-interest-payments-federal-deficit-treasury-bonds-fed-hikes-2023-11?op=1
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