October 26, 2016

Interest Costs Are Projected to Skyrocket

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This bar chart depicts projections for the interest the U.S. government must pay each year on the debt held by the public. In nominal terms, interest payments are projected to more than triple over the next decade, illustrating tomorrow's cost for borrowing today.

Source: Congressional Budget Office, January 2016

About the Issue

  • The national debt has grown significantly in recent years due to rising annual deficits. A deficit occurs in any year the government spends more...

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