US federal interest payments on the national debt, which now totals $34 trillion, have surpassed the entire defense budget. This marks a significant fiscal milestone, highlighting the growing burden of debt servicing on the federal budget. The situation has been described by some as a 'debt Ponzi scheme'.
US debt payment annually passed US defense annual budget 👀 Debt monetization incoming. https://t.co/jRy5TbAokz
JUST IN: 🇺🇸 US federal interest payments now exceed the entire defense budget 👀 https://t.co/IonVYXwxG2
NEW: US interest payments on debt now exceed the defense budget. 👀 Symptom of late-stage fiat. Study #Bitcoin. https://t.co/dEJt0pBHVS
US federal interest payments now exceed the defense budget The debt Ponzi scheme now exceeds the costs of the Forever Wars Got #Bitcoin? https://t.co/aKP6aPmQuC
JUST IN: 🇺🇸 Interest payments on the US national debt of $34 TRILLION is now BIGGER than the entire defence budget. Probably nothing… 🤔 https://t.co/akQzCLrcey
US federal interest payments now exceed the defense budget. https://t.co/joZadHMP0U