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And This is The Primary Reason Why America's Debt Level Matters
The Committee for a Responsible Federal Budget states, "...net interest will amount to an eye-popping $10.5 trillion over the next decade." It goes on to say, "...this means that spending on net interest will exceed all defense spending over the next decade."
When a country has accumulated so much debt that the interest payments on that debt exceed important budget expenditures on an annual basis, that's a major problem.
Which is where we are now in the United States. With no serious discussion by any of our elected leaders as to how to address this issue.
Read the full piece, with graphics that help illustrate the problem at the link below.
Net Interest Will Total $10.5 Trillion Over the Next Decade
Which federal government programs are you okay with getting rid of so that debt interest payments can be made?
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