In the United States, the federal government will spend $892 billion in the current fiscal year on interest payments
Favicon 
www.allsides.com

In the United States, the federal government will spend $892 billion in the current fiscal year on interest payments

Governments worldwide are grappling with an unprecedented debt load, totaling a staggering $91 trillion. This amount nearly matches the size of the entire global economy and poses a significant threat to the well-being of their populations. The surge in debt is partly attributed to pandemic-related costs, which have swollen fiscal deficits. Even in affluent economies like the United States, this mounting debt burden now jeopardizes living standards. Despite the urgency of the situation,...