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Approximately half the federal budget is spending on the aged and another sixth is spending on interest payments, leaving little flexibility for other spending

factualpending

Speaker

Larry Summers

Evidence Quote

“half your federal budget is spending on the aged and another quarter of another sixth of your federal budget is spending on interest”

Source

Tariffs, Decline, and the Promise of AI | A Conversation with Larry Summers and Niall Ferguson— University of Austin (UATX)
Created: 8/11/2026, 6:52:24 AM

My Notes

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