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.”
That means the service payments on public debt are roughly equal to spending for the same period on both the Department of Defense’s military budget and the Department of Education. These two outlays contribute costs of $461 billion and $70 billion respectively.
I know how we can solve the debt crisis! We just cut the education budget by $70 billion and add $140 billion to the military budget! Problem solved!
If that seems like a comically bad idea, keep in mind that Mr. Peace President wants to increase annual military spending by more than $500 billion.
I know how we can solve the debt crisis! We just cut the education budget by $70 billion and add $140 billion to the military budget! Problem solved!
If that seems like a comically bad idea, keep in mind that Mr. Peace President wants to increase annual military spending by more than $500 billion.
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