What’s Left 3: What If We Had $4.5 Trillion a Year to Spend on Ordinary People?
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The $1.6 trillion we waste each year on the Pentagon is an irresistible target for leftists looking for funds to appropriate to the human wants and needs that are currently going un- and under-addressed. Let’s redirect those funds to something more worthwhile than slaughtering innocent people around the planet—i.e., anything else. But why stop there? The U.S. federal budget is full of poor spending choices and waste caused by bureaucratic inefficiency. One item you might not immediately think of as flexible or fungible is interest on the national debt, which came to $659 billion in the 2023 fiscal year. That derives from past spending. We don’t have a time machine, so what can be done about that? Quite a lot, actually. That figure reflects an increase of $184 billion, or 39%, from the previous year and is nearly double that for fiscal year 2020. The culprit for that massive spending spike is the Federal Reserve Bank’s…
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