The annual gross interest on the debt exceeded $1 trillion for the first time in history. Years ago, we warned that the combination of on-going deficits and inevitably higher interest rates would give us exactly what we have now.

Foolishness of the Week: 08:16 Main episode: 09:31

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Quick Hits

https://en.wikipedia.org/wiki/Jared_Bernstein

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Foolishness of the Week

https://www.live5news.com/2024/05/17/man-is-moving-his-entire-house-12-feet-comply-with-zoning-rules/

Topic of the Week

https://www.visualcapitalist.com/u-s-debt-interest-payments-reach-1-trillion/

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