The U.S. Government Will Soon Spend More on Interest Payments Than Defense

Re:The U.S. Government Will Soon Spend More on Interest Paym... by bjnewman85 on Friday February 16, 2024 @08:50AM (#39396961)

Yeah man, our government borrows money. We used it to build the largest economy in the world. Now we continue to do that, but we also send part of the money our government borrows to people all around the world.

In exchange for this ultra stable source of revenue backed by the wealth of our current and future taxpayers and our military, they might forgive us for all the horrible things we have done.

[ Parent | on HN ]

Re:The U.S. Government Will Soon Spend More on Interest Paym... by smileysteve on Friday February 16, 2024 @08:56AM (#39397041)

More important than foreign aid is a huge defense budget and an 20 year occupation.

[ Parent | on HN ]

Re:The U.S. Government Will Soon Spend More on Interest Paym... by fallingknife on Friday February 16, 2024 @09:04AM (#39397134)

But we aren't using it to build the economy. We are mostly using it to pay interest and entitlement payments.

[ Parent | on HN ]

Re:The U.S. Government Will Soon Spend More on Interest Paym... by Hucklederry on Friday February 16, 2024 @09:29AM (#39397491)

My apologies if I'm wrong but with the message and username this reads to me as "Hey, fellow gentiles, isn't crippling debt and interest great because 'we' are so awful and deserve it?"

[ Parent | on HN ]