Thanks To Massive Deficits, U.S. Will Pay $13.8 Trillion In Interest Over The Next Decade

By 2035, CBO believes net interest payments on the deficit will ‘account for about one-sixth of all federal spending.’ - Christopher Jacobs@chrisjacobsHC

• The budget gnomes significantly increased their spending projections for Medicaid, as but one example of how entitlement programs continue to cannibalize the federal budget...
• The growth in Medicaid spending comes against the backdrop of continued high deficits, which have approached $2 trillion per year and in CBO’s estimation will only continue to grow...