The Unz Review • An Alternative Media Selection$
A Collection of Interesting, Important, and Controversial Perspectives Largely Excluded from the American Mainstream Media
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ScheerPost Archives
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Inflation
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Inflation

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How to Escape the Federal Debt Trap
• December 9, 2024
• 2,600 Words • 17 Comments • Reply
The U.S. national debt just passed $36 trillion, only four months after it passed $35 trillion and up $2 trillion for the year. Third quarter data is not yet available, but interest payments as a percent of tax receipts rose to 37.8% in the third quarter of 2024, the highest since 1996. That means interest... Read More
Why Does the Government Borrow When It Can Print?
• June 18, 2024
• 2,200 Words • 28 Comments • Reply
In the first seven months of Fiscal Year (FY) 2024, net interest (payments minus income) on the federal debt reached $514 billion, exceeding spending on both national defense ($498 billion) and Medicare ($465 billion). The interest tab also exceeded all the money spent on veterans, education, and transportation combined. Spending on interest is now the... Read More
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