# @peterschiff on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/CzHGQOOOxUp
- **Gondola URL:** https://gondola.cc/posts/9699767-peterschiff-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/thumbnails/b42ffcbdde.jpg
- **Posted:** 2023-11-01T16:55:54.000+00:00

## Caption

Over the next 3 years 50% of the $34 trillion #NationalDebt matures. During those years #budget #deficits will add at least another $10 trillion. If the #government pays 5.5% #interest on that $27 trillion, ignoring the other $17 trillion, the annual interest cost will be $1.5 trillion. #debt #economy

## Stats

- **Views:** 0
- **Likes:** 1,154
- **Shares:** 0
- **Comments:** 80

## Tags

government, interest, economy, debt, deficits, budget, nationaldebt

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