How Endless War Bankrupted the US While Inflicting Mass Suffering at Home. Plus: Macron Threatens Internet Shutdown & Update on US Govt's Private Data Purchases | SYSTEM UPDATE #111
System Update with Glenn Greenwald
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The Cost of Living on Borrowing Money
A mounting share of federal revenue, money that could be used for the benefit of the American people, goes right back out the door in the form of interest payments to investors who purchase government bonds. The U.S. is on pace to spend more each year on interest than on national defense according to the Congressional Budget Office. By 2033, interest payments will consume an amount equal to 3.6% of the nation's economic output.
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