The national debt is expected to hit a record high as soon as this week, crossing a major threshold of $40 trillion. Congressional correspondent Lisa Desjardins explains why that milestone is a warning sign for many economists.
The national debt is expected to hit a record high as soon as this week, crossing a major threshold of $40 trillion. Congressional correspondent Lisa Desjardins explains why that milestone is a warning sign for many economists.
I think the US military cost about 700 billion /y? What’s the rest? Not infrastructure, from what i heard.
The US budget is:
22% social security.
15% Medicare.
15% interest on debt.
13% Medicaid/Obamacare.
13% military spending.
10% unemployment and food stamp benefits.
6% veteran benefits including healthcare.
6% everything else: education, infrastructure, law enforcement, national parks, NASA, etc.
They’re asking for 1,5 trillion for next year. Pentagon is the biggest single mechanism in history for transferring money from the poor to the rich. That’s why all of silicon valley have gone into the weapons industry.
you’re not allowed to know the real military budget.