interest payments on the Federal debt are now higher than the annual defense spending

 

Monetarists freaking out….  F’em….  😂😂😂😂

The US government interest payments on the Federal debt are now higher than the annual defense spending.

This is likely the initial stages of a trend, and if no solutions are implemented, other components of the fiscal agenda may soon be constrained by the escalating cost of… pic.twitter.com/hBY2haxNyG

— Otavio (Tavi) Costa (@TaviCosta) July 20, 2023