3 ms·
The interest payments are greater than the defense budget. It will bankrupt the US. > In 2024, the U.S. government paid $1.2 trillion in interest on its debt,
by jarsin 2y ago
The interest payments are greater than the defense budget. It will bankrupt the US.
> In 2024, the U.S. government paid $1.2 trillion in interest on its debt, which was a record high. This was the second largest federal expenditure, after Social Security.
- energy123 2y agoIf 4% of GDP will bankrupt the US, then why would you want a recession which will lower GDP by more than 4% compared to the status quo?