Lee Duna@lemmy.nz to News@lemmy.worldEnglish · 9 months agoUS debt interest payments surge past $1 trillion yearly pace, worsening concerns about massive borrowingmarkets.businessinsider.comexternal-linkmessage-square16fedilinkarrow-up167arrow-down17
arrow-up160arrow-down1external-linkUS debt interest payments surge past $1 trillion yearly pace, worsening concerns about massive borrowingmarkets.businessinsider.comLee Duna@lemmy.nz to News@lemmy.worldEnglish · 9 months agomessage-square16fedilink
minus-squarePugJesus@kbin.sociallinkfedilinkarrow-up9arrow-down2·9 months agoEven if we cut 100% of defense spending, it wouldn’t hit a trillion. The issue with the debt here is that interest rates have spiked for the Federal government.
Even if we cut 100% of defense spending, it wouldn’t hit a trillion. The issue with the debt here is that interest rates have spiked for the Federal government.