Why does debt matter?
Why does debt matter?
You could debate which part of the $6.4T was funded by debt, but it seems reasonable to say that foreign aid is not a mandatory expenditure. That also doesn't mean it's not worth borrowing for.
There is a helluva lot of fat to cut in the budget. Ukraine aid should not be the first port of call.
What? Nobody debates this.
American excellency is a real thing. No country even comes close right now. I say this as an American expat.
Foreign aid is about avoiding war. The hope is the belligerents will end things themselves, or at the very least delay the point where we have to ship soldiers.
Is it reasonable to say though? How is staying on top of global power structures not mandatory for the US? It was in the last 80+ years or so the highest priority.
Google “BRICS” to see how nations are trying a new way to work cooperatively instead of imposing their will on each other
“Removing the effects of announced student debt cancellation that the courts ruled illegal, the deficit totaled $2.0 trillion in FY 2023”