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Ballooning interest payments

Interest payments on the national debt are projected to quadruple over the next decade, surpassing spending on Medicaid, Medicare and domestic programs.

Interest payments on the national debt are projected to quadruple over the next decade.

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Bipartisan 'Gang of Six' in Senate developing framework for deficit reduction
Article | With President Obama calling for bipartisan talks to tackle the nation's budget problems, a group of influential senators from both parties is developing a framework that calls for higher taxes and caps on all categories of government spending.
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On national debt, interest is the monster
Article | Interest payments on the national debt will quadruple in the next decade and every man, woman and child in the United States will be paying more than $2,500 a year to cover for the nation's past profligacy, according to figures in President Obama's new budget plan.
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Obama budget plan shows interest payments on national debt quadrupling in next decade
Article | Interest payments on the national debt will quadruple in the next decade and every man, woman and child in the United States will be paying more than $2,500 a year to cover for the nation's past profligacy, according to figures in President Obama's new budget plan.

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