US debt interest costs are mind-blowing: Interest costs on federal debt hit a whopping $87 BILLION last month, the most out of any November on record. – TKL

US debt interest costs are mind-blowing: Interest costs on federal debt hit a whopping $87 BILLION last month, the most out of any November on record. - TKL

This is up $7 billion from $80 billion seen a year ago.

This means the US government paid $2.9 BILLION of interest PER DAY last month.

Interest costs came in at $80 BILLION or higher in 9 out of 11 months this year, a trend that has never occurred before.

The worst part?

Interest payments are set to reach as high as $150 billion in December, a new monthly record.

Truly concerning.

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