The United States’ national debt crisis continues to get worse. The Committee for a Responsible Federal Budget projected that in 2024, the U.S. will spend more on interest payments than national defense. To put this into perspective, the U.S. spends over $900 billion a year on national defense, which is $600 billion more than the second-highest spender, China, according to the Stockholm International Peace Research Institute, a military expenditure data analytics company commonly known as SIPRI. Yet, during the first seven months of fiscal year 2024, which began in October 2023, the U.S. Treas…
