The US achieved its latest ignominious fiscal milestone this week, as annualized federal spending on interest payments finally surpassed annualized military spending following a parabolic jump kicked off by aggressive (and “temporary”) fiscal measures during COVID lockdowns.
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The US achieved its latest ignominious fiscal milestone this week, as annualized federal spending on interest payments finally surpassed annualized military spending following a parabolic jump kicked off by aggressive (and “temporary”) fiscal measures during COVID lockdowns.