US Spent A Record $140 Billion On Debt Interest In June, 30% Of All Tax Revenues

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Winter is coming!…

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– US Spent A Record $140 Billion On Debt Interest In June, 30% Of All Tax Revenues:

And putting it in context, the $140 billion in gross interest spending was just over 30% of all US receipts (mostly taxes) in June..

… a staggering number fast approaching the threshold where everyone will be forced to admit the US has crossed into a Minsky moment.

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