The Congressional Budget Office (CBO) now estimates that, this year , 2024, the U.S. federal government will spend more on interest on the national debt than on national defense. Or Medicare.
You read that correctly.
The CBO says that the federal government will spend $850 billion on defense, as opposed to $870 billion on debt interest . Moreover, interest payments on the national debt are the fastest-growing part of the preposterously bloated yet still fast-growing federal budget … and are projected to reach a mind-blowing $5.4 trillion by 2053.
So, effectively, taxpayers are going to have their hard-earned money confiscated to pay $870 billion for nothing.Less than nothing, actually.In a better world, Americans would be able to collectively sue their government for swindling or malfeasance, if not treason. It’s one thing to spend one’s own money like a drunken sailor on shore leave, quite another to spend other people’s money in the […]
Read the Whole Article From the Source: www.americanthinker.com
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