Over $430 billion has been spent to service the debt, which is approaching $39 trillion, the Congressional Budget Office states.
The US government has borrowed some $1 trillion (USD) in the five months since October, adding to the ballooning federal deficit, the Congressional Budget Office (CBO) has reported.
The estimates have come amid media reports claiming that the US military burned through $5.6 billion worth of munitions during the first two days of its assault on Iran.
On Monday, the CBO released its monthly budget review, according to which the US government’s debt grew by $308 billion in February alone. Among the factors contributing to the trend are higher interest payments to service public debt, as well as increased government spending, including by the US Department of War.
In just five months, the Treasury forked out a total of $433 billion to service public debt, which is now nearing $38.9 trillion.
Maya MacGuineas, president of the Committee for a Responsible Federal Budget (CRFB), a bipartisan fiscal watchdog, has warned that “this cannot be sustainable.” She called on policymakers to reduce deficits, proposing a 3% deficit-to-GDP ratio as an initial target.
In its latest report, the think-tank claimed that the US “is almost certain to enter the next shock more indebted than we have ever been before.”
Meanwhile, on Tuesday, the Washington Post, citing anonymous officials, reported that the US military fired $5.6 billion worth of munitions during the first two days of its strikes on Iran alone. According to the newspaper, the administration of President Donald Trump is expected to send Congress a supplemental defense budget request in the coming days, which could reportedly run as high as $50 billion.
Democratic lawmakers have increasingly voiced concerns over an apparent lack of clear objectives in Trump’s military campaign against Iran as the president has been sending out mixed messages on the matter.
Last week, Politico claimed that the Pentagon was expecting the conflict to last for at least another 100 days, or even through September, a stark contrast to Trump’s original four-week timeline.
Image credit: Jp Valery
A deficit?
Let’s take a closer look at the reality of ‘The Deficit’.
The J3wi$h / Zionist Rothschild-owned ‘Federal Reserve Bank’ (which is neither ‘Federal’ nor ‘Reserve’, as there is nothing of tangible value backing the same…) prints money out of thin air.
No labour market conceives it, no investment can back it, and no future forecasting in commodities, dividends and assets can solidify and insure the same.
It’s just false ‘notes’ or ‘bills’ that carry a debt of usury where the users pay interest.
Imagine using Monopoly money to go and pay for the purchase of items; that would be excluded from commerce immediately.
But yet, the ‘Federal Reserve Note’ is not a credit support form of currency, it creates debt in the form of interests that is paid to the Federal Reserve bank. Most all of the ‘Reserve Banks’ use this system globally, and yet the ‘Bank of Settlements / World Trade Organisation’ continues to recognise such Reserve Bank currency notes as ‘legal interest-usury money’.
If you or I were to print our own ‘Federal Reserve Notes’, this is unlawful and considered to be counterfeiting, with the potential of additional international criminal charges levied against us, is wire fraud, deceptive trading, etc.
But, that is exactly what the Federal Reserve Notes of currency are doing; these have displaced tangible gold, silver and platinum Treasury Notes with Federal Reserve Notes that do NOT contain any tangible or valuable asset backing the same!
So, where is the ‘deficit’?
THERE ISN’T A DEFICIT, AS THE RESERVE CURRENCIES OF THE WORLD ARE RESERVE BANK INTEREST USURY NOTES WITH NO VALUE BACKING THE SAME, AND ARE NOT REAL MONEY, AND THEREFORE THERE IS NO REAL DEFICIT BASED ON THAT TYPE OF CURRENCY OR MONIES!
If a country cancels it’s Reserve Bank, and reverts back to their countrie’s Treasuries that at one time backed their currency notes with gold, silver, platinum and diamonds, then the World Bank and the International Bank of Settlements would have to deal with REAL money and not a Talmudic system of economic, corrupted usury that keeps the Goyim in slavery with faux currencies.
https://www.everycrsreport.com/reports/R41887.html
https://www.investopedia.com/terms/l/lawfulmoney.asp
This is partially why JFK was assassinated; he wanted to rid the U.S. of the Zionist-owned and controlled ‘Federal Reserve Bank’ and return the control of money back to the U.S. Treasury via silver & gold certificates which, BTW the Federal Reserve copied in detail with some exclusions in the printing, thus nullifying the value of the U.S. Federal Reserve Currency.
https://libertycoinandcurrency.com/blog/a-brief-history-of-silver-certificates/
https://www.danburymint.com/coins-and-currency/the-u.s.-silver-certificate-collection/3235-1462.html
https://www.pmgnotes.com/news/article/8487/pmg-grades-100000-specimen/
https://fineartamerica.com/featured/us-ten-thousand-dollar-bill-1934-10000-usd-treasury-note-in-gold-on-black-serge-averbukh.html
Now, read the NZ Loyal Party statement on the NZ Economy-
https://nzloyal.com/economics/
https://nzloyal.com/tax/
IF NEW ZEALAND IS TO SURVIVE THE GLOBAL MESS THAT IS NOW ENGULFING THE WORLD, THEN KIWIS WILL NEED TO VOTE FOR NEW ZEALAND LOYAL, WHICH HAS OUTLINED THEIR POLICIES WITH SOLID INTENT, AND WILL FREE US ALL FROM THE ZIONIST-INSPIRED RESERVE BANKING SYSTEM BEING THE PRIMARY EXECUTOR OF ENSLAVING USURY!