Will Trillions in US Government Interest Costs Kill the NGAD Fighter?
by Brian Wang from NextBigFuture.com on (#6NV25)
In the first seven months of Fiscal Year (FY) 2024, spending on net interest has reached $514 billion, surpassing spending on both national defense ($498 billion) and Medicare ($465 billion). Overall spending has totaled $3.9 trillion thus far. Spending on interest is also more than all the money spent this year on veterans, education, and ...