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You should look at the budget. It has changed since the 1970s. https://www.cbpp.org/research/policy-basics-where-do-our-federal-tax-dollars-go#:~:text=In%20fis
by readthenotes1 3y ago
You should look at the budget. It has changed since the 1970s.
https://www.cbpp.org/research/policy-basics-where-do-our-federal-tax-dollars-go#:~:text=In%20fiscal%20year%202023%2C%20the,be%20financed%20by%20net%20borrowing https://www.cbpp.org/research/policy-basics-where-do-our-fed....
And it will continue changing as The Little slice for paying interest on debt becomes the largest piece
- georgeecollins 3y agoFact: In 1973 interest payments 6% of the federal budget and today they are 10%. At that rate of % growth interest would become the largest expenditure category in 175 years. I am not disagreeing with you. I just think its good to keep these things in perspective with facts, not worries. Source: https://fraser.stlouisfed.org/files/docs/publications/usbudget/bus_1973.pdf https://fraser.stlouisfed.org/files/docs/publications/usbudg...