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US Debt Crisis: Interest Payments Balloon to Overtake Defense Spending, Now 3rd Biggest Expenditure

The United States' national debt crisis continues to get worse. The Committee for a Responsible Federal Budget projected that in 2024, the U.S. will spend more on interest payments than national defense. To put this into perspective, the U.S. spends over $900 billion a year on national defense, which is...

The United States’ national debt crisis continues to get worse. The Committee for a Responsible Federal Budget projected that in 2024, the U.S. will spend more on interest payments than national defense. To put this into perspective, the U.S. spends over $900 billion a year on national defense, which is…

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