the US is now spending more on its interest payments on the National Debt than it is on defense
https://i.redd.it/ciy94hzs931h1.jpeg
Posted by Conscious-Quarter423
the US is now spending more on its interest payments on the National Debt than it is on defense
https://i.redd.it/ciy94hzs931h1.jpeg
Posted by Conscious-Quarter423
2 Comments
What’s the point of issuing debt? We don’t technically need it to finance anything, we print the money after all. Is it about controlling inflation? Is it even good for that, in a world where it also causes deficits to explode?
Who exactly are we paying the interest to?