we must be learning...

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Terrafab 🫲🏾🤭

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New loopy business model: global: buzz buzz

Substitution: vroom vroom (out) — (in) buzz buzz

Vroom vroom ⁉️ vroom vroom⁉️🙃🤭 'cuse moi: vrouuuumm vrouuuumm ⁉️

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https://share.google/n6fIT2A5eCFzJEaHi

U.S. Treasury has borrowed $155 billion every month of this fiscal year 🫢—and is now paying $24 billion A WEEK 😫 in interest on its debts

Despite concerns from debt hawks, the U.S. government is continuing to borrow at pace: For the fiscal year of 2026 so far, the federal deficit has totaled just under $1.4 trillion.

The first nine months of this fiscal year (beginning in October) have now surpassed the borrowing levels of 2025, when deficits totaled just over $1.3 trillion for the same period.

At the time of writing, the total U.S. national debt sits at $39.4 trillion, accumulated under administrations led by both Republicans and Democrats.

As such, the monthly borrowing for 2026 now sits at roughly $155 billion, or $39 billion per week. And, like any borrower, that debt carries an interest cost. The latest monthly budget review from the Congressional Budget Office (CBO) confirms that net interest on public debt for the fiscal year has hit $857 billion: roughly $23.8 billion a week.

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In fact, interest payments on the debt are now $20 billion larger than the outlays for the Departments of Defense, Commerce, Homeland Security, Education, the Environmental Protection Agency, the Small Business Administration, and the U.S. Coronavirus Refundable Credits scheme—combined.

Also contributing to the demand on government purse springs is the increasing demand for social security, Medicare and Medicaid.

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Spending for Social Security benefits rose by $62 billion (or 5%) because of increases in average benefits and in the number of beneficiaries, CBO noted. In comparison, Medicare outlays increased by $58 billion (8%) due to higher enrollment and higher payment rates for services. Rising costs per enrollee meant Medicaid spending increased by $49 billion (10%).

This is a trend that isn't going anywhere: The U.S. population is aging. According to the Census Bureau, Americans' median age—the age at which half of the population is younger, and half is older — continues to rise, climbing from 39.2 in 2024 to 39.4 in 2025.

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Double-entry accounting is a bookkeeping system where every financial transaction is recorded in at least two accounts—as a debit (left side) in one and a credit (right side) in another. This ensures that total debits always equal total credits, keeping the foundational accounting equation balanced (Assets = Liabilities + Equity).

Gemini

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