4 ms·
It's a hysteria party to sell ads. Here's how I see it: we have a $7 TRILLION budget for 2025 and Musk is trying to cut $2 TRILLION from it. Both the Democrats
by Clubber 2y ago
It's a hysteria party to sell ads. Here's how I see it: we have a $7 TRILLION budget for 2025 and Musk is trying to cut $2 TRILLION from it. Both the Democrats and Republicans probably want the budget cut, it's way out of control. They're just letting Musk take the heat because he doesn't have to get reelected. If it succeeds, the Dems will just let it lie, if it fails, they have campaign fodder for the next election.
Remember, last year we paid more in interest on debt than our entire military budget.
- lotsofpulp 2y ago>Remember, last year we paid more in interest on debt than our entire military budget. https://fiscaldata.treasury.gov/americas-finance-guide/federal-spending/ https://fiscaldata.treasury.gov/americas-finance-guide/feder... National defense 15%, veterans benefits and services 6%, interest 13%.
- Clubber 2y agohttps://www.crfb.org/blogs/do-we-spend-more-interest-defense https://www.crfb.org/blogs/do-we-spend-more-interest-defense According to the Congressional Budget Office’s latest baseline, in Fiscal Year (FY) 2024, spending on interest is projected to total $870 billion, while spending on national defense will total $822 billion. This has never been the case before, going back to at least 1940. Maybe the fed interest rate drop pulled it back.