2 ms·
> The US interest bill is rising. In 2024, it is projected to exceed the entire military budget. This is the one that is mind blowing. The military is fucking
by panick21_ 2y ago
> The US interest bill is rising. In 2024, it is projected to exceed the entire military budget.
This is the one that is mind blowing. The military is fucking gigantically huge. And every single years a militray budget worth of stuff simple gets burned for 'nothing'.
The problem in the US is that most of the money is already commited. The future money is already promissed. And the rest is mostly military and debt service. And what is left over isnt enough to cut to be effective.
I really dont see a solution.
I'm happy that in my country we have strict limits in place and debt/gpd is only 40%. Not have the huge debt servicing ever year seems usuful to stabilze your budget long term.