Fiat Dollar Milestone: U.S. Government Interest Payments Hit $1 Trillion!
Debt literally takes down empires. The U.S. government was never meant to be a militarized empire, since freedom and empire are mutually exclusive. But alas, the decisions to become an empire were made before any of us were born. In typical fashion, the U.S. government has overextended itself militarily around the world, engaging in endless wars. Those wars come at a severe cost, as our standard of living at home deteriorates. Debts cannot be endless. Ultimately, the interest payments will overwhelm. The U.S. government is now paying $1 Trillion in interest payments alone.