The consequences extend beyond accounting. As interest costs swell, they crowd out virtually every other national priority. The CRFB projects that rising interest costs will account for 28% of all nominal spending growth over the next decade and 120% of all spending growth as a share of GDP, meaning other programs will effectively shrink in relative terms just to make room.
“At the end of the day, that actually takes a lot of money and resources to do this.”
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В России ответили на имитирующие высадку на Украине учения НАТО18:04