Due to rising interest rates, the United States now spends more money servicing the national debt than on the military.
US Now Spends More Servicing Its Debt Than On National Defense https://t.co/oScK78rEkk
— zerohedge (@zerohedge) May 16, 2023
This can’t be sustained.
I can’t predict exactly when this system will fail, but it will eventually. I have yet to see a single coherent argument explaining how this system will not fail.
