FXHedge|Jan 31, 2026 20:41
OPINION: THE FEDERAL DEBT IS A STEALTH TAX ON EVERY AMERICAN
In response to concerns about affordability, President Trump proposed capping interest rates on credit cards at 10 percent. But the federal government’s own credit card — the national debt — is already making life less affordable for all Americans.
U.S. consumers paid $160 billion in credit card interest in 2024, averaging just under $1,200 per household. That’s a lot of money, but it’s only one-sixth as much as the $1.028 trillion we paid in net interest on the federal debt in fiscal 2025.
Full article:
https://www.msn.com/en-us/news/opinion/opinion-the-federal-debt-is-a-stealth-tax-on-every-american/ar-AA1Vow86?ocid=msedgntp&pc=HCTS&cvid=697e64e1cae04847989ffc04851940b2&ei=16(FXHedge)
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