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return2ozma@lemmy.world to Economy@lemmy.world · 3 days ago

The U.S. government is spending $88 billion a month in interest on national debt, equal to its spending on both defense and education combined

fortune.com

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The U.S. government is spending $88 billion a month in interest on national debt, equal to its spending on both defense and education combined

fortune.com

return2ozma@lemmy.world to Economy@lemmy.world · 3 days ago
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The U.S. government is spending $88 billion a month in interest on national debt, equal to its spending on both defense and education combined | Fortune
fortune.com
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Maya MacGuineas, president of the Committee for a Responsible Federal Budget, called on lawmakers to “ultimately fix the broken process that got us into this mess.”
  • Smuuthbrane@sh.itjust.works
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    3 days ago

    $88B/mo would buy at least 180 GWh of solar farm capacity, which would power approximately 50 million homes, and have a functional life of a generation. So the entire USA could be solar powered with less than one year’s worth of debt interest payments.

    • Railcar8095@lemmy.world
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      2 days ago

      But, what about the petroshaholders??

    • Alexstarfire@lemmy.world
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      3 days ago

      deleted by creator

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