The modern term for the money pit is called "Interest on Debt". They decided to change the name in Trump's first time after money pit was found to have some negative connotations with focus groups.
This year it eclipsed the entire military budget. In a few years it will be the number one Federal budget item. A few years after that it will eclipse all other spending combined.
The video is a bit out of date as well in terms of the location of the money pit. The majority of the money is still dumped into domestic money pit, but a increasingly large amount of it is being outsourced. Japan, China, and UK being the largest holes currently.
Government is a giant hole.
You stole my answer, word for word. Cheers
soo.... where is this pit exactly?
https://www.usdebtclock.org/
The modern term for the money pit is called "Interest on Debt". They decided to change the name in Trump's first time after money pit was found to have some negative connotations with focus groups.
This year it eclipsed the entire military budget. In a few years it will be the number one Federal budget item. A few years after that it will eclipse all other spending combined.
The video is a bit out of date as well in terms of the location of the money pit. The majority of the money is still dumped into domestic money pit, but a increasingly large amount of it is being outsourced. Japan, China, and UK being the largest holes currently.
https://www.statista.com/statistics/246420/major-foreign-holders-of-us-treasury-debt/
Ask Trump to bend over.
yes, oh I didn't watch the video.