U.S. Government Now Spends More on Debt Interest than National Defense


Nikki Haley’s statement that interest payments exceed defense spending is true, with FY2024 projections showing $870 billion in interest and $822 billion in defense spending. Interest costs have nearly doubled since FY2020 and are expected to continue rising, exceeding Medicare spending this year and becoming the second-largest federal budget item behind Social Security. [summary] [comments]


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