National Debt and Interest Costs

Scott details the $40 trillion debt, rising interest payments, and how taxpayer dollars largely service debt holders.

Play episode from 05:20

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Transcript

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Transcript

Episode notes

Scott Horton is the director of Antiwar.com and one of the most outspoken critics of US foreign policy.

In this episode, Scott explains how war connects directly to the things people feel every day - rising prices, falling purchasing power, growing debt and a system that never seems to improve no matter who is in charge.

We also discuss how governments fund wars, why debt keeps expanding, how inflation quietly shifts the cost onto ordinary people and the incentives that keep the cycle going. Lastly, Scott explains the role of media, the relationship between politics and defence spending, and why these conflicts continue even when public support is weak.

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TIMESTAMPS:

00:00:00 - Perpetual War System

00:02:00 - Hidden War Tax

00:05:00 - Debt Spiral

00:08:00 - Empire Costs

00:09:30 - War & Inflation

00:25:00 - Cost Of War

00:28:40 - Iron Triangle

00:33:10 - “It’s A Racket”

00:43:30 - Emotional Toll

01:02:10 - Any Hope Left