When debt service trumps defense budget

The last thing we that should surprise us when we must live again with higher interest rates, is that our life is made more expensive from credit card debt, to home or car buying. This also affects even more our federal government that is faced with huge interest payments on its exploding debt that has ballooned from $17 trillion in 2014 to $33 trillion last year. 

Servicing that debt is now the fastest growing part of the budget, and will overtake our defense costs this year at $870 billion against the $822 billion we’ll spend on our military, namely a 32% increase from last year's $659 billion in interest expense. The solution: Raise taxes, period. But this is anathema to Americans, the President and Congress and probably in that reverse order. 

We’d rather hand money to Netanyahu so he can destroy Gaza and then to the Gazans so they hopefully can rebuild their enclave, or cancel student loans, fund human exploration to Mars among other non-essential things. 

I don’t mind paying more taxes if they’re well spent and all my life I’ve been living well under my means, so I expect no less from my government. 

Just like with global warming, we’re getting closer and closer to crashing into the proverbial wall and we’ll need to be in a state of total annihilation before all realize what we should have done to prevent it!