Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

The interest payments are greater than the defense budget. It will bankrupt the US.

> In 2024, the U.S. government paid $1.2 trillion in interest on its debt, which was a record high. This was the second largest federal expenditure, after Social Security.



If 4% of GDP will bankrupt the US, then why would you want a recession which will lower GDP by more than 4% compared to the status quo?




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: