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.
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This Story 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. This Story 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. This Story 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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