Today's Chart of the Day from Managing Director Josh Steiner shows Long-Term US Interest Expense VS Defense Spending as a result of skyrocketing national debt.
The current US Debt level is 34.8T.
Defense spending is set to be DWARFED by the net interest expense for unsustainable US Debt.
The CBO projects that by 2054, Net Interest Expense will be 285% of Defense Spending. This is a best case scenario.
If we continue on this current path, the future looks bleak.
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