We pay 1 out of every 5 us dollars collected in (federal) taxes to interest on this debt. It’s absolutely insane how many people/companies in America who likely haven’t paid their fair share of taxes are making a killing off of our debt (because US debt for the most part is owned by US citizens, companies, and banks with an addmitedly sizable but overall trivial portions owned by foreign nations/nationals).
We pay 1 out of every 5 us dollars collected in (federal) taxes to interest on this debt. It’s absolutely insane how many people/companies in America who likely haven’t paid their fair share of taxes are making a killing off of our debt (because US debt for the most part is owned by US citizens, companies, and banks with an addmitedly sizable but overall trivial portions owned by foreign nations/nationals).