"Our current Treasury debt has different maturity dates and the impact will not be felt immediately. But it will be felt soon. It will increase over time as new debt is issued."Read on Twitter
Here are other recent tweets from Bryan Steil:
"Following todays #FederalReserve action, the interest on the debt went up 0.5%. This doesnt sound like a lot but it means we will now have an additional interest payment of about ~$100B or the cost of all federal housing programs."Read on Twitter
"For the last decade #interestrates have been very low. Last year interest on the debt cost taxpayers $580B with an average interest rate of ~1.5%. Thats equal to the cost of all veterans and transportation programs combined."Read on Twitter
"In 2021, the FTC received over 5.7 million fraud reports, which is an increase of 1 million from 2020. At my Identity Theft Workshop in Janesville, we discussed best practices for avoiding scams, including to hang up on unknown callers & never give out your personal information."Read on Twitter
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