Debt-Ridden Powerhouses… US, UK, and France Spend More on Interest than Defense
4 Articles
4 Articles
(London=Yonhap News) Correspondent Kim Ji-yeon = The annual interest cost on government debt in Organization for Economic Cooperation and Development (OECD) countries exceeds a total of $2 trillion (approximately 2,689 trillion won), and the U.S....
Annual interest payments on government debt in OECD countries have exceeded $2 trillion. With long-term bond yields approaching their highest levels in nearly 20 years, rising borrowing costs are increasing pressure on budgets to implement tax increases and spending cuts. 🚆
Annual interest payments on public debt in OECD countries have exceeded $2 trillion. With long-term bond yields approaching their highest levels in nearly 20 years, rising borrowing costs are increasing pressure on budgets to implement tax increases and spending cuts.
The governments of the world have created a monster of $2 trillion: a cost of debt service that consumes tax collection and threatens to overflow the...
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