WHY DOES THE GOVERNMENT BORROW WHEN IT CAN PRINT MONEY?
( education / news / politics / money )

Good question! In the first seven months of Fiscal Year (FY) 2024, net interest (payments minus income) on the federal debt reached $514 billion, exceeding spending on both national defense ($498 billion) and Medicare ($465 billion). The interest tab also exceeded all the money spent on veterans, education, and transportation combined. Spending on... read more