💸Uncle Sam's New Spending Splurge💸 In a historic turn of events, US federal interest payments have surpassed defense spending for only the second time in history. This rare occurrence last took place briefly in Q1 1998, during another high-interest rate period. #Economy #Finance #USSpending #InterestPayments #DefenseSpending
Belle Haven Investments’ Post
More Relevant Posts
-
Ferguson’s Law states that any great power that spends more on debt service (interest payments on the national debt) than on defense will not stay great for very long. This was true for Hapsburg Spain, the ancient régime France, the Ottoman Empire, and the British Empire. In today's context, the argument to prioritize defense spending becomes even more relevant. If we are not a great power, who will defend our freedom and democracy? Some may argue that we should allocate more funds toward servicing our national debt to improve living standards. While managing national debt is undoubtedly important, we must also consider the growing threats from military totalitarian regimes and ongoing conflicts such as the Russia-Ukraine war. These examples illustrate the tangible dangers to global stability and democratic values. Spending on defense is not merely about maintaining military strength; it is about ensuring the security and sovereignty of our nation. A robust defense capability deters potential aggressors and safeguards our way of life. In contrast, neglecting defense in favor of debt repayment might lead to short-term economic benefits but can have severe long-term consequences. Without adequate defense, we risk losing our freedom, democracy, and the ability to protect our interests both at home and abroad. Moreover, historical precedents show that when nations fail to invest in their defense, they become vulnerable to external threats, leading to political and social upheaval that can drastically reduce living standards. Therefore, balancing our budget to ensure strong defense spending is crucial for the continued protection of our freedoms and the preservation of our democratic values.
US federal interest payments now exceed the defense budget.
To view or add a comment, sign in
-
-
Building a community of Code 3 Americans💪| 20 yr Military & L.E. Veteran | 20 yr Entrepreneur | #1 Bestselling Author | Helping Americans access cash-flow & save tax outside Wall Street’s casinos | Home Builder
💡The lesson: LISTEN to your WIFE ❗ In this episode we discussed 📢 many topics to include 1️⃣A life of military and law enforcement service and why I hesitated to "own" my story 2️⃣How service, macro economic knowledge and business experience resulted in the Code 3 American movement. 3️⃣Inspiration behind the name "Code 3" & the parallel in needing to build individual wealth to preserve the America we love 4️⃣Why you should LISTEN to your WIFE (DUH!)😃 5️⃣Why the tax law is a roadmap TO wealth 6️⃣Why it's critical to share real financial literacy not taught in schools 7️⃣Benefit of real assets and risks of Wall Street derivatives #hiddenmoney #cpa #wealth #american #freedom #tax #service #freedomfighter #investing #lawenforcement #military #money @mikepine @kevinschneider
To view or add a comment, sign in
-
Building a community of Code 3 Americans💪| 20 yr Military & L.E. Veteran | 20 yr Entrepreneur | #1 Bestselling Author | Helping Americans access cash-flow & save tax outside Wall Street’s casinos | Home Builder
💡The lesson: LISTEN to your WIFE ❗ In this episode we discussed 📢 many topics to include 1️⃣A life of military and law enforcement service and why I hesitated to "own" my story 2️⃣How service, macro economic knowledge and business experience resulted in the Code 3 American movement. 3️⃣Inspiration behind the name "Code 3" & the parallel in needing to build individual wealth to preserve the America we love 4️⃣Why you should LISTEN to your WIFE (DUH!)😃 5️⃣Why the tax law is a roadmap TO wealth 6️⃣Why it's critical to share real financial literacy not taught in schools 7️⃣Benefit of real assets and risks of Wall Street derivatives #hiddenmoney #cpa #wealth #american #freedom #tax #service #freedomfighter #investing #lawenforcement #military #money @mikepine @kevinschneider
To view or add a comment, sign in
-
Building a community of Code 3 Americans💪| 20 yr Military & L.E. Veteran | 20 yr Entrepreneur | #1 Bestselling Author | Helping Americans access cash-flow & save tax outside Wall Street’s casinos | Home Builder
💡The lesson: LISTEN to your WIFE ❗ In this episode we discussed 📢 many topics to include 1️⃣A life of military and law enforcement service and why I hesitated to "own" my story 2️⃣How service, macro economic knowledge and business experience resulted in the Code 3 American movement. 3️⃣Inspiration behind the name "Code 3" & the parallel in needing to build individual wealth to preserve the America we love 4️⃣Why you should LISTEN to your WIFE (DUH!)😃 5️⃣Why the tax law is a roadmap TO wealth 6️⃣Why it's critical to share real financial literacy not taught in schools 7️⃣Benefit of real assets and risks of Wall Street derivatives #hiddenmoney #cpa #wealth #american #freedom #tax #service #freedomfighter #investing #lawenforcement #military #money @mikepine @kevinschneider
To view or add a comment, sign in
-
Check out our video of the month. Here is a quick history of the Federal Reserve and its functions. #federalreservebank #MonetaryPolicy https://lnkd.in/eAeUb72Y
To view or add a comment, sign in
-
DCUC is on patrol, tackling the hot topics that are important to defense #creditunions. NCUA Chairman Todd Harper's testimony hints at challenges ahead. Delve into the details of this topic and much more with John McKechnie's latest Capital Corner article ➡️ https://bit.ly/3TBiEAN.
To view or add a comment, sign in
-
Building a community of Code 3 Americans💪| 20 yr Military & L.E. Veteran | 20 yr Entrepreneur | #1 Bestselling Author | Helping Americans access cash-flow & save tax outside Wall Street’s casinos | Home Builder
💡The lesson: LISTEN to your WIFE ❗ In this episode we discussed 📢 many topics to include 1️⃣A life of military and law enforcement service and why I hesitated to "own" my story 2️⃣How service, macro economic knowledge and business experience resulted in the Code 3 American movement. 3️⃣Inspiration behind the name "Code 3" & the parallel in needing to build individual wealth to preserve the America we love 4️⃣Why you should LISTEN to your WIFE (DUH!)😃 5️⃣Why the tax law is a roadmap TO wealth 6️⃣Why it's critical to share real financial literacy not taught in schools 7️⃣Benefit of real assets and risks of Wall Street derivatives #hiddenmoney #cpa #wealth #american #freedom #tax #service #freedomfighter #investing #lawenforcement #military #money @mikepine @kevinschneider
To view or add a comment, sign in
-
Building a community of Code 3 Americans💪| 20 yr Military & L.E. Veteran | 20 yr Entrepreneur | #1 Bestselling Author | Helping Americans access cash-flow & save tax outside Wall Street’s casinos | Home Builder
💡The lesson: LISTEN to your WIFE ❗ In this episode we discussed 📢 many topics to include 1️⃣A life of military and law enforcement service and why I hesitated to "own" my story 2️⃣How service, macro economic knowledge and business experience resulted in the Code 3 American movement. 3️⃣Inspiration behind the name "Code 3" & the parallel in needing to build individual wealth to preserve the America we love 4️⃣Why you should LISTEN to your WIFE (DUH!)😃 5️⃣Why the tax law is a roadmap TO wealth 6️⃣Why it's critical to share real financial literacy not taught in schools 7️⃣Benefit of real assets and risks of Wall Street derivatives #hiddenmoney #cpa #wealth #american #freedom #tax #service #freedomfighter #investing #lawenforcement #military #money @mikepine @kevinschneider
To view or add a comment, sign in
-
Building a community of Code 3 Americans💪| 20 yr Military & L.E. Veteran | 20 yr Entrepreneur | #1 Bestselling Author | Helping Americans access cash-flow & save tax outside Wall Street’s casinos | Home Builder
💡The lesson: LISTEN to your WIFE ❗ In this episode we discussed 📢 many topics to include 1️⃣A life of military and law enforcement service and why I hesitated to "own" my story 2️⃣How service, macro economic knowledge and business experience resulted in the Code 3 American movement. 3️⃣Inspiration behind the name "Code 3" & the parallel in needing to build individual wealth to preserve the America we love 4️⃣Why you should LISTEN to your WIFE (DUH!)😃 5️⃣Why the tax law is a roadmap TO wealth 6️⃣Why it's critical to share real financial literacy not taught in schools 7️⃣Benefit of real assets and risks of Wall Street derivatives #hiddenmoney #cpa #wealth #american #freedom #tax #service #freedomfighter #investing #lawenforcement #military #money @mikepine @kevinschneider
To view or add a comment, sign in
-
Building a community of Code 3 Americans💪| 20 yr Military & L.E. Veteran | 20 yr Entrepreneur | #1 Bestselling Author | Helping Americans access cash-flow & save tax outside Wall Street’s casinos | Home Builder
💡The lesson: LISTEN to your WIFE ❗ In this episode we discussed 📢 many topics to include 1️⃣A life of military and law enforcement service and why I hesitated to "own" my story 2️⃣How service, macro economic knowledge and business experience resulted in the Code 3 American movement. 3️⃣Inspiration behind the name "Code 3" & the parallel in needing to build individual wealth to preserve the America we love 4️⃣Why you should LISTEN to your WIFE (DUH!)😃 5️⃣Why the tax law is a roadmap TO wealth 6️⃣Why it's critical to share real financial literacy not taught in schools 7️⃣Benefit of real assets and risks of Wall Street derivatives #hiddenmoney #cpa #wealth #american #freedom #tax #service #freedomfighter #investing #lawenforcement #military #money @mikepine @kevinschneider
To view or add a comment, sign in