Sunday, October 20, 2024

Interest Payments Top Defense Spending For First Time In History — Thank You Kamala

SUNNY HOSTIN: Would you have done something differently than President Biden during the past four years?

KAMALA HARRIS: There is not a thing that comes to mind in terms of — and I’ve been a part of most of the decisions that have had impact.

On Friday, the Treasury Department released a report showing the kind of impact Kamala Harris is talking about. If nothing else does, it should cost her the election.

The latest monthly Treasury report  shows spending and revenues for the full fiscal year 2024, which ended in September.

But the real shocker is the explosive growth in interest payments on the national debt.

This marks the first time in our nation’s history that interest on the debt has exceeded defense spending.

Before they took office, the Congressional Budget Office (CBO) projected net interest payments for the next decade, based on the policies that Donald Trump had in place.

Why the massive run-up in interest costs?

Blame Harris’ tie-breaking votes in Congress (something she routinely brags about).

https://issuesinsights.com/2024/10/19/interest-payments-top-defense-spending-for-first-time-in-history-thank-you-kamala/

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