With growing budget deficits, the US is selling debt it can only ever make good on if it can sell even more debt down the line (or if it “repays” it in devalued paper).
As Russia steadily slashes its military spending and announces cuts will continue for the next five years through 2022, the US is going in the other direction and shoveling ever more fantastic sums of money into the military and parasite defense corporations. (Around half of Pentagon budget now goes to contractors.)
The $1.3 trillion discretionary spending comes on top of projected $2.8 trillion mandatory spending by…
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