The U.S. Government is projected to spend more on interest payments than on defense, with an additional $1.1 trillion expected over the next decade. Interest costs are set to surpass defense as a major government expense this year, according to the Congressional Budget Office. Net interest spending is forecasted to exceed both defense and Medicare spending by 2025, highlighting the significant financial burden it poses.
Fact Check: @NikkiHaley is correct, interest costs are projected to exceed the defense budget this year https://t.co/OSpeY8ZSgW
Interest costs on US national debt set to exceed defense spending this year: https://t.co/c9YPGxkMQf by @megan_henney $TLT $IEF https://t.co/GztP29jHGy
#BudgetWatch: According to the Congressional Budget Office, net interest spending -- SPENDING FOR NOTHING -- will exceed BOTH defense and Medicare spending by 2025. https://t.co/3MUFA2nazd
The total U.S. cost [supporting Ukraine's defense] so far would be less than the cost of servicing the national debt for three months. And less than the $200 billion (a low estimate) of Medicare and Medicaid fraud since the war began two years ago next week. | George F Will…
The net interest of our national debt is on track to surpass both defense and Medicare spending in FY24. It’s INSANE! And what is Senate Leadership doing about it? Borrowing $95B to pay for Ukraine’s border defense only to leave our southern border wide open and debt soaring. https://t.co/MgE77alKeH
“Interest costs are on pace to surpass defense this year as one of the largest government expenses in the budget.” https://t.co/dsJEBNbWqi https://t.co/fVqgvkIEXa
The U.S. Government Will Soon Spend More on Interest Payments Than Defense https://t.co/FT73LS8Ljf https://t.co/LFlmH2rXuB
This is bonkers: "The U.S. Government Will Soon Spend More on Interest Payments Than Defense Higher Treasury yields snowball into $1.1 trillion of additional interest" https://t.co/9siaKIjm45 https://t.co/tQr7hJqmmF
From the @WSJ: “The U.S. is expected to pay an additional $1.1 trillion in interest over the coming decade, according to the Congressional Budget Office. Interest costs are on pace to surpass defense this year as one of the largest government expenses in the budget. Only Social… https://t.co/WxezkvOqNP
Time to increase defense spending. "The U.S. Government Will Soon Spend More on Interest Payments Than Defense" https://t.co/kUlvoNTPXd https://t.co/IHvKTAO0GL