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But we saved everything 🙂.
Peter Mallouk, industry influencer, highlights that for the first time, the U.S. is spending more on interest payments, at $1.22 trillion, than on national defense, which stands at $1.17 trillion.
He remarks that the burden of past debt has now exceeded the cost of maintaining national security, signaling significant implications for the country's fiscal position.
Mallouk has previously stated that markets are driven by earnings, innovation, and fundamental growth. He has also outlined strategies for long-term investors facing market volatility. His recent comments on government spending follow earlier observations focused on investment discipline and the importance of core financial indicators.