alt Hacker NewsJust to be clear: you're talking about federal and state non-military spending.
And about 10% of this is interest. So over the course of a year, the US is paying about $1.25 trillion in interest at the federal and state level.
Just to be clear: you're talking about federal and state non-military spending.
And about 10% of this is interest. So over the course of a year, the US is paying about $1.25 trillion in interest at the federal and state level.
Why wouldn’t you include state spending? That’s the level of government primarily responsible for infrastructure and education.