EPISODE · Dec 10, 2023 · 1H 36M
Observations for 10 Dec 23
from Observations: The QandO Podcast · host Dale Franks
Interest payments on the National Debt have ballooned to $900 billion per year. For the first time in two decades, debt service now costs more than the entire military budget of the United States. This is not a sign of good economic times ahead. In other news, Hunter Biden's sweetheart deal from Federal prosecutors is dead as fried chicken, with a new series of indictments filed, though he is still getting a bit of a break. Other topics: UPenn's president resigned, Trump won't testify in NY, Ukraine funding got halted in Congress, and Blackrock's Larry Fink doesn't want to talk about ESG anymore.
What this episode covers
Interest payments on the National Debt have ballooned to $900 billion per year. For the first time in two decades, debt service now costs more than the entire military budget of the United States. This is not a sign of good economic times ahead. In other news, Hunter Biden's sweetheart deal from Federal prosecutors is dead as fried chicken, with a new series of indictments filed, though he is still getting a bit of a break. Other topics: UPenn's president resigned, Trump won't testify in NY, Ukraine funding got halted in Congress, and Blackrock's Larry Fink doesn't want to talk about ESG anymore.
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Observations for 10 Dec 23
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