US debt payments top defense budget – Musk ...News

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US debt payments top defense budget – Musk
source : Russia Today ( News ) () 26
The US spends more than a trillion dollars a year on servicing the national debt, according to the tech billionaire The cost of servicing the vast US federal debt now outstrips the defense budget, Tesla and SpaceX CEO Elon Musk has claimed in an interview with the All-In podcast. The US Treasury announced in late July that the national debt had surpassed $35 trillion, having soared by a trillion in a six-month period. In June, the US House Of Representatives passed its version of the annual defense policy bill that authorizes a record $895 billion in spending, marking an increase of 1% compared to the previous fis

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