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The US Government Interest Expense Was 93% of Military Spending in 2018

According to the United States Bureau of Economic Analysis (BEA), local, state, and federal interest expenses on government debt owned by the public exceeded $824 billion in 2018, or 4% of GDP. The interest expense on government debt was nearly 18% more than the $700 billion of budgeted federal military spending in fiscal year 2018 and 93% of total military spending when off-budget and ’emergency’ military spending are included ($890 billion). Nearly $119 billion of the $824 billion in government interest expenses were paid to overseas entities.

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Posted by Abattoir

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America Has Built 800+ Military Bases Worldwide. So Why Can’t It Build a Mexican Border Wall?

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