Lee Duna to News@lemmy.worldEnglish · 11 months agoUS debt interest payments surge past $1 trillion yearly pace, worsening concerns about massive borrowingmarkets.businessinsider.comexternal-linkmessage-square16fedilinkarrow-up173arrow-down17
arrow-up166arrow-down1external-linkUS debt interest payments surge past $1 trillion yearly pace, worsening concerns about massive borrowingmarkets.businessinsider.comLee Duna to News@lemmy.worldEnglish · 11 months agomessage-square16fedilink
minus-squarePugJesus@kbin.sociallinkfedilinkarrow-up9arrow-down2·11 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.