Derec
Contributor
Sure. But the fact that 13% of the budget is interest payments - same as Medicare and Defense - shows that we can't afford to have sky-high deficits indefinitely.Curent budget spending?
22% Social Security
14% Health
13% Net Interest
13% Medicare
13% National Defense
75% of the budget above is not exactly easy to cut without some draconian measures.
No matter what AOC and other MMT (modern monetary theory aka magic money tree) disciples keep preaching.