Some Debt Ceiling Details to Keep in Mind for the FUTURE
Published on: Wednesday 07 June 2023
Entitlements, which include Social Security and Medicare, represent about 65% of the Federal government’s outlays. Interest on the debt stands at around 12%, but is rising rapidly after decline in the 1990s and first decade of this century. Defense is another 12%. Keep these figures in mind for the future because the US government’s debt problem is NOT going way, advises Adrian Day, editor of Global Analyst.
