#1241 Solo Episode | Interest Payments on the National Debt are Exploding Higher

The US government is now spending as much money on national debt interest payments this year in 2023 as they have historically spent on research and development, infrastructure, and education combined.

The government just hit a scary milestone. We now spend as much money on the US military as we do on our own debt payments for interest.

The debt per taxpayer in the United States, if you take that $33 trillion number and you divide it by citizen, then that's $254,000. But not every citizen is a taxpayer, so debt per citizen is still right around $100,000.

US military spending, since the withdrawal in Iraq and Afghanistan, is higher now than it was during the two forever wars ... If the United States is not engaged in the wars in Iraq and Afghanistan today, where's all the spending going?

The problem is that America's debt continues to increase now, and it sits just under $33 trillion.

The US government is spending as much money to service their own debt than they are to defend our country. This is a big problem, and it's one that we have to solve.