[jl6]

I think many Americans do not realize how much is spent on debt interest payments, which are a tidy source of income for rich people.

[tomwheeler]

> I think many Americans do not realize how much is spent on debt interest payments, which are a tidy source of income for rich people.

Not to mention insurance companies and pension funds, plus local, state, and foreign governments

[vslira]

I don’t think Americans would enjoy the alternative of defaulting on that debt, or the counterfactual of not having raised that debt in the first place

But yeah, having to pay your debts do suck

[atmavatar]

> or the counterfactual of not having raised that debt in the first place

I'm pretty sure most of us would enjoy a different timeline where we didn't sink over $1 trillion in the Iraq war or another $2 trillion on the F-35, where we didn't mindlessly increase the military budget every cycle, where Republican administrations didn't cut taxes on the wealthy every time they won the presidency in the last half century, or where the TSA and DHS weren't created.

[browningstreet]

But they didn’t scream when that debt ballooned very recently.

Debt payments and defense budget increases add up.