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>Remember, last year we paid more in interest on debt than our entire military budget. https://fiscaldata.treasury.gov/americas-finance-guide/federal-spending/
by 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.