\nIt seems, according to the Bipartisan Policy Center<\/a>, that the US federal government’s second-biggest expenditure in FY2024 was net interest, meaning, as I understand, interest paid on the federal debt.<\/p>\n \nTheoretically, the US federal government’s net interest payments will continue to increase unless it runs a surplus. By the end of February 2025, (FY 2025 started October 1, 2024), it seems to have run a deficit of 1.1T (fiscaldata.treasury.gov<\/a>).<\/p>\n \nIt might be hard to imagine how a responsible person in the US federal government could contemplate, under such circumstances, a tax cut. A tax increase sufficient to stop the red ink would seem a more sensible plan.<\/p>\n It’s perhaps important for voters to realize that a government, to acquire or maintain power, may make, and sometimes even deliver on, absurd promises.<\/p>\n \nSource:<\/p>\n usa.gov<\/a><\/p>\nJack of Oracle Tutoring by Jack and Diane,<\/a> Campbell River, BC.<\/p>\n","protected":false},"excerpt":{"rendered":" Self-tutoring about US federal spending: the tutor mentions a detail. It seems, according to the Bipartisan Policy Center, that the US federal government’s second-biggest expenditure in FY2024 was net interest, meaning, as I understand, interest paid on the federal debt. …<\/p>\n