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RE: The US is paying a record amount of interest on its debt. It’s only going to get worse...The National Debt Is a National Security Issue...Annual Interest on National Debt Now Eclipses Entire Military Budget
No, I'm not talking about TikTok. I'm talking about a national debt of $34.6 trillion. Well said.
On January 19, 2023, the US national debt reached the ceiling, which was last set in 2021 at $31.4 trillion. The situation itself was not extraordinary: usually Congress simply approves another increase in the limit, and history continues. This has happened dozens of times in US history.
