Mike's Minute: The interest on our national debt will hit $11B
June 2026 is not far off.
In fact, it's next year and next year is election year.
By that time, it is being reported, the interest on our national debt will be $11b.
Do you see how this works?
Not long ago the warnings were issued that it might reach $10b and at the time, it was pointed out that that is multiple times more than the Police budget.
That's just in interest. Once we pay the $10b our debt doesn’t diminish. It's exactly the same. We have gone nowhere. We've just kept the wolf from the debt door for another 12 months.
Well, the $10b has gone and we are now heading for $11b…
The skinny
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