November 24, 2015

Interest Costs Are Projected to Skyrocket

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This bar chart depicts two sets of projections for the interest the U.S. government must pay each year on the debt held by the public. The Congresional Budget Office (CBO) baseline assumes policymakers follow current law. The Concord Coalition Plausible Baseline assumes policymakers alter the law to continue along the current policy path.

Source: Congressional Budget Office, January 2015

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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