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"By 2022, the U.S. government is projected to spend almost as much money on interest payments for its massive debt as it will on the Pentagon, more than $600 billion every year.
The spiraling expense underscores a frightening reality in Washington: President Trump and Congress have not only massively expanded the U.S. government’s debt, they have broken free of multiple guardrails intended to keep budgets balanced, freeing future lawmakers to further expand the yawning gap between what the government takes in and what it spends.
The latest increase has come at a time when Republicans control the White House and Congress, cementing a GOP indifference to balancing the budget despite making deficit reduction their rhetorical North Star during the Obama administration."
That is pretty cute how the interest is compared to the Pentagon budget. I guess it wouldn't work if you compared it to entitlements. Also how they used the current administration as the cause, ignoring both prior ones. Government spends too much money period, regardless of who sits behind that desk or sits in Congress.
The spiraling expense underscores a frightening reality in Washington: President Trump and Congress have not only massively expanded the U.S. government’s debt, they have broken free of multiple guardrails intended to keep budgets balanced, freeing future lawmakers to further expand the yawning gap between what the government takes in and what it spends.
The latest increase has come at a time when Republicans control the White House and Congress, cementing a GOP indifference to balancing the budget despite making deficit reduction their rhetorical North Star during the Obama administration."
I don't collect either, yet. I've only paid into both funds for 40 years.
What better way to reduce the deficit, then for you to pay in but not collect?
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