A Boring Dystopia

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The U.S. government is spending $88 billion a month in interest on national debt, equal to its spending on both defense and education combined (fortune.com)

submitted 1 week ago by return2ozma@lemmy.world to c/aboringdystopia@lemmy.world

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[–] Objection@lemmy.ml 39 points 1 week ago (1 children)

That means the service payments on public debt are roughly equal to spending for the same period on both the Department of Defense’s military budget and the Department of Education. These two outlays contribute costs of $461 billion and $70 billion respectively.

I know how we can solve the debt crisis! We just cut the education budget by $70 billion and add $140 billion to the military budget! Problem solved!

If that seems like a comically bad idea, keep in mind that Mr. Peace President wants to increase annual military spending by more than $500 billion.