US government interest payments on federal debt surpass defense spending, indicating a trend towards increased debt costs, potentially constraining fiscal agendas.

July 20, 2023 10:18 am by CWR

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The US government interest payments on the Federal debt are now higher than the annual defense spending.

This is likely the initial stages of a trend, and if no solutions are implemented, other components of the fiscal agenda may soon be constrained by the escalating cost of… pic.twitter.com/hBY2haxNyG

— Otavio (Tavi) Costa (@TaviCosta) July 20, 2023

See also As much as I hate to admit it, the U.S. government seems run by the most corrupt individuals in the country—unbelievable.

See also BIG Bubbles? Biden/Democrats Spending Spree + FED = Massive Asset Bubbles = OVERVALUATION In Stock Market And Housing (Buffett Indicator, SP500 Mean Reversion, Shiller PE Ratio, CaseShiller To Gov Spending)

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