“Be neither borrower nor lender,” wrote William Shakespeare in Hamlet. If the U.S. government had followed this ancient advice, we probably would not find ourselves in the dire financial situation illustrated by some shocking statistics.
In June, it took 76% of all personal income tax revenue to pay interest on the $35 trillion national debt.
This explains why, despite the federal government’s legitimate counterfeiting activities, over 80% of dollar bills in existence have been printed since 2020. What’s the conclusion?
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