Government Set To Spend More On Interest Payments Than The Entire Military Budget By 2025

[2012Bearcat]

The Government Is Set To Spend More On Debt Payments Than The Entire Defense Budget

Interest on federal debt to skyrocket, potentially surpassing defense spending by as early sat 2025, thanks to the Fed's rate hikes and soaring national debt.

dailycaller.com

We've been talking and warning about this for years. We said if we didn't get government spending under control and interest rates rose the country would be in serious trouble. Well here we are. This is not to bash Democrats or Republicans it's to try and get people's attention. At the rate the government is racking up debt it will not be long before interest expense is greater than Social Security and Medicare combined.

 

[Marocain Poke]

What could possibly go wrong?

 

[HighStickHarry]

How much is paid to ourselves?

 

[MR. TANNER BOYLE]

Isn’t there a magic spell in economic textbooks and theory that we can use to make this go away that is not affected by war in Ukraine, China and a brain dead president?

 

[Ponca Dan]

Isn’t there a magic spell in economic textbooks and theory that we can use to make this go away that is not affected by war in Ukraine, China and a brain dead president?

Yes, it's called Modern Monetary Theory.

 

[MR. TANNER BOYLE]

Yes, it's called Modern Monetary Theory.

Yeah I’m aware of that, how does it correct the issue in the op? Irs agents with guns?

 

[2012Bearcat]

Yeah I’m aware of that, how does it correct the issue in the op? Irs agents with guns?

https://i.makeagif.com/media/11-28-2018/O51whv.mp4

 

[LAY THE WOODY]

Yes, it's called Modern Monetary Theory.

Similar to critical race theory. 🤣