"The federal government could soon pay more in interest on its debt than it spends on the military, Medicaid or children’s programs." https://nyti.ms/2NKYLqp
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This is caused by the need to finance our fast-growing budget deficit, only worsened by unfair tax cuts for the wealthiest among us & steadily rising interest rates making the debt more expensive.
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With less money coming in and more going toward interest, we can't address our broken and aging infrastructure or have the ability to pull the economy out of a future recession.
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And what is happening in Washington? "Deficit hawks have gone silent, even proposing changes that would exacerbate the deficit. House Republicans introduced legislation this month that would make the tax cuts permanent."
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Washington Republicans claimed the tax cuts would pay for themselves even as the Congressional Budget Office estimated that they would add $250 billion to the deficit on average from 2019 to 2024.
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End of conversation
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