Historic Interest Payments Outpace Defense Spending Crisis
Submitted by MAGA
Posted 2 hours ago
**Debt Disaster: Under Harris, Interest Payments Surpass Defense Spending for the First Time in History**
In a shocking economic development, interest payments on the national debt have surpassed defense spending for the first time in U.S. history under the Biden-Harris administration.
This alarming trend, highlighted in the latest Treasury Department report, signals the dire consequences of reckless fiscal policies that have ballooned the national debt.
Federal interest payments surged to $882 billion in fiscal year 2024, eclipsing the $874 billion allocated for national defense. This steep increase in interest costs—up 35% from the previous year—stems directly from the spending spree enabled by Harris’ tie-breaking votes in Congress.
The Biden-Harris administration's policies have led to a staggering $1.8 trillion deficit this year, the third highest in history. Such fiscal irresponsibility raises serious concerns about the future of America's economic stability and security.
Before the Biden administration took office, projections made by the Congressional Budget Office anticipated interest payments would reach only $284 billion in 2024. Instead, the current administration's excessive spending—driven by unchecked inflation—has contributed to a 210% spike in interest costs.
This alarming increase poses a grave threat, as the country now faces the bleak prospect of elevated interest payments consuming a larger portion of the federal budget, all while placing America's defense capabilities at risk.
While the Biden-Harris administration has avoided accountability for these staggering figures, they continue to push for more spending, promising tax increases and additional burdensome regulations that would only exacerbate the situation.
Going forward, Americans must consider whether the current leadership is truly capable of reversing this trend before it’s too late. The message is clear: it’s time to reevaluate the policies that have led to this historic debt crisis and seek a leadership that prioritizes fiscal responsibility and national security.
Sources:
thenationalpulse.com
thegatewaypundit.com
issuesinsights.com
In a shocking economic development, interest payments on the national debt have surpassed defense spending for the first time in U.S. history under the Biden-Harris administration.
This alarming trend, highlighted in the latest Treasury Department report, signals the dire consequences of reckless fiscal policies that have ballooned the national debt.
Federal interest payments surged to $882 billion in fiscal year 2024, eclipsing the $874 billion allocated for national defense. This steep increase in interest costs—up 35% from the previous year—stems directly from the spending spree enabled by Harris’ tie-breaking votes in Congress.
The Biden-Harris administration's policies have led to a staggering $1.8 trillion deficit this year, the third highest in history. Such fiscal irresponsibility raises serious concerns about the future of America's economic stability and security.
Before the Biden administration took office, projections made by the Congressional Budget Office anticipated interest payments would reach only $284 billion in 2024. Instead, the current administration's excessive spending—driven by unchecked inflation—has contributed to a 210% spike in interest costs.
This alarming increase poses a grave threat, as the country now faces the bleak prospect of elevated interest payments consuming a larger portion of the federal budget, all while placing America's defense capabilities at risk.
While the Biden-Harris administration has avoided accountability for these staggering figures, they continue to push for more spending, promising tax increases and additional burdensome regulations that would only exacerbate the situation.
Going forward, Americans must consider whether the current leadership is truly capable of reversing this trend before it’s too late. The message is clear: it’s time to reevaluate the policies that have led to this historic debt crisis and seek a leadership that prioritizes fiscal responsibility and national security.
Sources:
thenationalpulse.com
thegatewaypundit.com
issuesinsights.com
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