The Government Is Set To Spend More On Debt Payments Than The Entire Defense Budget


us debt worthy christian news(Worthy News) – Interest on federal debt is set to skyrocket, potentially surpassing defense spending by as early as 2025, CNN reported Tuesday.

The federal government made $475 billion in net interest payments in the fiscal year 2022 — which ended in September — up from $352 in fiscal year 2021, according to the Treasury Department. The number exceeds the $406 billion spent on transportation and veterans’ benefits, and is on track to eclipse the roughly $750 billion spent on defense this year between 2025 to 2026, according to CNN, citing financial analytics firm Moody’s Analytics. (‘Reckless’: Obama Economist Tears Apart Biden’s Student Loan Forgiveness)

“Regardless of who wins the midterms or in 2024, there are really difficult decisions that will have to be made,” Dan White, an economist at Moody’s Analytics, told CNN. “This is really going to handcuff them.” [ Source: Daily Wire (Read More…) ]

8
people are currently praying.

Worthy News reports from a biblical worldview with a commitment to accuracy, transparency, and editorial independence. Learn more about About Worthy News, our Editorial Standards, AI Use Policy, Ownership of Worthy News, News Tips and Corrections, and Worthy News Staff.

💡 Did you know? One of the best ways you can support Worthy News is by simply leaving a comment and sharing this article.

📢 Social media algorithms push content further when there’s more engagement — so every 👍 like, 💬 comment, and 🔄 share helps more people discover the truth. 🙌

Discuss this article in our forums

Latest Worthy News

Archaeologists Uncover Possible Exodus-Era Site Along Egypt’s Ancient Military Road
Israel’s High Court Blocks Army Radio Closure, Citing ‘Improper’ Motives
Netanyahu Tells Kushner Israel Remains Firmly Opposed to Palestinian State
Sweden’s King Mourns Victim Of Deadly High School Sword Attack
Ukraine Seeks More Satellite Support As Russian Strikes Drive Up Civilian Toll (Worthy News In-Depth)
Ukraine’s Mobilization Drive Faces Scrutiny Amid Abuse Claims (Worthy News In-Depth)
Hungary’s New President Urges Reborn Public Media To ‘Tell The Truth’ As Orbán Ally Quits
North Korea Fires 10 Ballistic Missiles After U.S., South Korea Shorten Joint Drills
Pentagon Orders 30 Universities to Review Foreign Research Ties Amid China Security Concerns
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Books by George Whitten

Identity in Messiah Revealed cover

Identity in Messiah Revealed https://identityinmessiah.com

A devotional journey calling believers out of self-doubt and into confident, Kingdom-rooted identity in the Messiah.

Buy on Amazon
The Biblical Fall Feasts Revealed cover

The Biblical Fall Feasts Revealed https://biblicalfallfeasts.com

An in-depth look at the Biblical fall feasts and their prophetic significance for believers today.

Buy on Amazon

As an Amazon Associate I earn from qualifying purchases.

Worthy Christian News