JAMES CARTER: Dissecting The US Treasury’s Dastardly Debt Disaster
Count five seconds. The federal government spent, in those few seconds, $137,940 on interest on the federal debt. Shockingly, the $870 billion the federal government will spend on interest this year is three times greater than what the Congressional Budget Office (CBO) estimated for fiscal year 2024 just three years ago. It didn’t need to be this way. […]