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.
Ten31 Timestamp 849,033
Ten31 Timestamp 849,033
Ten31 Timestamp 849,033
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.