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Tag: U.S. Interest Payments

  • The Fiscal Tightrope: U.S. Interest Payments Outpace Defense Spending

    The Fiscal Tightrope: U.S. Interest Payments Outpace Defense Spending

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    by

    Aaron
    in

    The latest figures from the U.S. Treasury for fiscal 2024 have sparked serious discussions about the sustainability of the country’s financial health. Jim Rickards, a prominent financial commentator, encapsulated the issue perfectly: “Interest on debt: $882 billion. National defense: $874 billion. That’s all, folks. You can’t borrow your way out of a debt crisis. You…