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Just to be clear: you're talking about federal and state non-military spending. And about 10% of this is interest. So over the course of a year, the US is payi
by ElProlactin 4mo ago
Just to be clear: you're talking about federal and state non-military spending.
And about 10% of this is interest. So over the course of a year, the US is paying about $1.25 trillion in interest at the federal and state level.
- rayiner 4mo agoWhy wouldn’t you include state spending? That’s the level of government primarily responsible for infrastructure and education.
- ElProlactin 4mo agoI wasn't making a judgment about including or not including state spending. It's just that "US governments" is not a common way for Americans to describe federal and state. People think federal when they see "US government".
- rayiner 4mo agoGotcha. Was being lazy and typing on my phone, sorry.