US Debt Interest to Eclipse Defense Spending The US is facing a critical financial challenge as its national debt escalates. Capital Group’s analysis reveals that within the next five years, the US government’s interest payments on this debt are poised to outpace defense spending. Economist Darrell Spence notes a concerning trend: if the debt continues to grow as projected by the Congressional Budget Office, annual net interest payments could skyrocket from below $500 billion to an astonishing $1.4 trillion by 2033. This shift underscores the urgent need for attention to the country’s debt dynamics. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Defying Milei: Argentine Province Prints Its Own Money to Survive READ MORE What is a Goldback? How and Where to Buy Goldbacks in The United States READ MORE Gold Prices Dip as U.S. Rate Cut Hopes Diminish Amid Inflation Concerns READ MORE Starbucks, McDonald's Feel the Pinch as Diners Tighten Belts READ MORE China Commands 80% of Global Solar Silver Supply Chain READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment