how to drown in debt, illustrated

12-26-2019  Consumers carry nearly $1.1 trillion in credit card debt   https://www.cnbc.com/2019/12/26/consumers-overspend-by-7400-a-year-here-are-weekly-trouble-spots.html

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6-29-2020  U.S. federal government spending for FY 2021 is $4.829 trillion.

Since FY2015, spending has crept up again despite the sequester.  Congress and the President rely on deficit spending to boost economic growth.⁶  But deficit spending is out of control.  It rises each year even when the economy is doing well….Almost two-thirds of federal spending goes toward paying the benefits required by Social Security, Medicare and Medicaid.  The interest payments on the national debt total $378 billion for FY 2021.  It's also one of the fastest-growing expenses.  By 2030 it will almost double to $665 billion.  https://www.thebalance.com/current-u-s-federal-government-spending-3305763

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