The interest payments on the national debt are an astronomical $1 TRILLION a year. Think about that for a second, we are now spending $1 trillion a year just on the interest payment alone which does not go towards paying off the actual principle on the debt. In other words, we’re screwed.

Independent News Articles

~ As Debt Rises, Interest Costs Could Top $1 Trillion – Committee for a Responsible Federal Budget

~ By 2025, U.S. Interest Payments on the National Debt Will Pass the Defense Budget – The National Interest

~ Debt Interest Payments Will Consume Trillions of Dollars in Coming Years – Foundation for Economic Education

~ Government – Interest Expense on the Debt Outstanding – Treasury Direct

~ Higher National Debt Means Higher Interest Rates for the Federal Government – Peter G. Peterson Foundation

~ Interest on the National Debt and How it Affects You – The Balance

~ Interest of One Trillion Dollars a Year on National Debt in the Cards – Business 2 Community

~ Interest Spending Is On Course to Quadruple – Committee for a Responsible Federal Budget

~ What Is the National Debt Costing Us? Peter G. Peterson Foundation

~ When You Owe $20 Trillion, It’s The Interest That’ll Kill You – The Daily Bail

Mainstream News Articles

~ America’s debt crisis is coming — interest payments will hit a trillion dollars a year – KDRV12

~ As Debt Rises, the Government Will Soon Spend More on Interest Than on the Military – The New York Times

~ Interest payments on US debt could top $1 trillion – CNN Business

~ Interest rates on U.S. public debt, once at historic low, now heading higher – Pew Research Center

~ National debt- Washington’s $5 trillion interest bill (2012) – CNN Money

TV News

~ Impact of rising interest rates on mounting government debt – YouTube

~ Rising Interest Rates Spell Major Trouble for National Debt – YouTube

~ Time to Address the Federal Debt – YouTube

Government Reports

~ Federal government current expenditures- Interest payments (A091RC1Q027SBEA) – FRED – St. Louis Fed

~ Federal Outlays- Interest as Percent of Gross Domestic Product (FYOIGDA188S) – FRED – St. Louis Fed