The Interest Expense on US Public Debt hit $1.3 trillion over the last 12 months, another record high. If it continues to increase at the current pace it will soon be the largest line item in the Federal budget, surpassing Social Security.
US public debt interest expense reportedly reached a record $1.3 trillion over the past 12 months and may soon exceed Social Security as the largest federal budget line item if the current growth pace continues.
关键要点
Interest expense on US public debt is cited at $1.3 trillion over the last 12 months.
The post frames this as a record high.
The author warns that, if the trend continues, interest expense could surpass Social Security in the federal budget.
