Tuesday, July 16, 2024

Another Biden ‘Achievement’: Interest Payments Now Second Largest Federal Spending Category

If you want to know just how dire the federal government’s fiscal situation is, consider the fact that interest on the national debt for the first time now tops every other spending category but one, according to the latest monthly report from the Treasury.

ORIGINAL LINK: https://issuesinsights.com/2024/07/15/another-biden-achievement-interest-payments-now-second-largest-federal-spending-category/