Quote:
Originally Posted by Chico23231
The Alliance for Responsible Citizenship
@arc_forum
"Any great power that spends more on interest payments on its debt than on defence will not be great for long."
@nfergus
explains at ARC 2025 that worryingly the US now falls into this category and that this "sends a signal of weakness" to the "axis of ill will".
https://x.com/arc_forum/status/1891583572789604766
First time since 1934 we spent more on interest payments on public debt than defense
When you hear that the national debt is a national security threat, this is what they mean. Covid, thanks to China, really threw off a lot and spending levels went haywire.
The billions to illegal immigrants, Ukraine, student loans bailouts (not billions, hundreds of millions), and Biden’s build back better spending bill (2.2 trillion and growing).
Not only was it poor policy choices but it could wreck the world economy. |
I agree on the principle. I don't agree lumping Ukraine spending in there because the Ukraine spending is clearly defense in nature. The majority of what we presented as aid about 61 billion was in defense spending either for new contracts with us or on existing military hardware that we will replenish.
Sent from my SM-S711U using Tapatalk