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Interest Payments Top Defense Spending For First Time In History — Thank You Kamala

Interest Payments Top Defense Spending for First Time in History — Thank You Kamala

by Issues & Insights
October 20, 2024
in Aggregated, Opinions

  • Former White House Advisor: “Trump to Release $150 Trillion Endowment”


SUNNY HOSTIN: Would you have done something differently than President Biden during the past four years?

KAMALA HARRIS: There is not a thing that comes to mind in terms of — and I’ve been a part of most of the decisions that have had impact.

On Friday, the Treasury Department released a report showing the kind of impact Kamala Harris is talking about. If nothing else does, it should cost her the election.

The latest monthly Treasury report shows spending and revenues for the full fiscal year 2024, which ended in September.

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Among the terrible results: The federal deficit topped $1.8 trillion in 2024 – the third highest in history and eclipsed only by the two COVID-19 panic spending years.

That’s not for lack of revenues, which were up by nearly half a trillion dollars this year. Spending under Biden-Harris this fiscal year climbed more than $617 billion – a 10% increase.

But the real shocker is the explosive growth in interest payments on the national debt. […]

— Read More: issuesinsights.com

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