The Congressional Budget Office (CBO) now projects that by the end of the budget window in 2024, interest payments on the U.S. debt will quadruple, reaching a stratospheric $880 billion a year.
According to Senate Budget Chairman Jeff Sessions (R-AL), that will mean interests payments on the debt will be 105 times larger than the FBI’s budget.
This year, CBO says the U.S. taxpayers will spend $233 billion on interest payments to America’s $17,544,074,000,000 debt.
COMMENTS
Please let us know if you're having issues with commenting.