Dateline: Del Mar, CA: Friday, May 03, 2019
FNB dedicates this session to “ALERT!”
“Alert!: Federal Debt Payment Consumption Estimates:”
Being locked into debt is a terrible thing. Now, if you have income and/or revenue to meet the obligation, then that’s a different story.
Being locked into debt is a horrendous thing. Now, if you use debt to leverage sustainable growth and can gain advantage and pay off the debt in record time, then that’s a different story.
Being locked into debt is an entangled thing. Now, if you have to borrow money, larger and larger sums of money to meet the bare minimum requirement of the interest payment on the loan(s), then, that is an inescapable prison.
In our last session, FNB examined: “Federal Debt Payments” in general. In this session, FNB dives deep into what the minimum, national debt payment obligations are…keep in mind…these are intractable and these are evergreen.
Intractable and Evergreen National Debt Payment Specter:
…”Over the next few years, spending on interest will exceed spending on a number of additional major categories:
In fiscal year 2019, interest will be greater than the amount spent on income security — a category that includes programs such as the Supplemental Nutrition Assistance Program, Supplemental Security Income, and unemployment compensation.
In fiscal year 2020, interest payments will exceed the amount that the federal government spends on children, according to projections from the Urban Institute.
In fiscal year 2021, interest will surpass the combined amount spent on Medicaid, the Children’s Health Insurance Program, and subsidies for the purchase of health insurance under the Affordable Care Act.
In fiscal year 2022, interest spending will exceed all mandatory spending other than that for Social Security and the major health care programs. That budget category, known as “other mandatory” spending, includes programs for income security, military retirement, and agriculture.
In fiscal year 2023, the federal government will spend more on interest than defense.”
FNB strongly urges all savvy and thoughtful investors to ramp up their physical gold coin, bar and bullion holdings. FNB invites all to visit our website:
FNB invites all that live in or near our three physical locations in San Diego, Del Mar and Scottsdale to stop in and visit and meet one-on-one with our Team of precious metals experts.
FNB posits and strongly asserts that capitalism and the capacity to own, manage and profit from the collective of private properties and/or business initiatives is a driving force that America and its leaders simply must protect.
FNB remains diligent and unwavering in the call for common, average American people to seek out the Safe Havens of gold and silver coins, and gold and silver bullion.
FNB, a national precious metals industry leader and reputable gold and silver coin dealer urges investors, bond-holders, speculators and all who manage and/or oversee their family’s financial portfolio begin now migrating larger allocations into the historical safe harbors of: Gold and Silver.
Founder and Owner,
First Nation Bullion
For direct consultation with a gold and silver expert contact FNB: