The U.S. government is spending $88 billion a month in interest on national debt, equal to its spending on both defense and education combined

return2ozma@lemmy.world · 13 days ago

The U.S. government is spending $88 billion a month in interest on national debt, equal to its spending on both defense and education combined

forrgott@lemmy.zip · 12 days ago

I feel like your explanation is missing some details. Because if you owe $1010 in 2027, what good does the comparison to 2026 do you? You can’t pay with last years currency…?

I’m not disagreeing, mind you. Economics is rather arbitrary, after all. Just confused (which does not surprise me).

The U.S. government is spending $88 billion a month in interest on national debt, equal to its spending on both defense and education combined

The U.S. government is spending $88 billion a month in interest on national debt, equal to its spending on both defense and education combined

The U.S. government is spending $88 billion a month in interest on national debt, equal to its spending on both defense and education combined | Fortune