Interest Payments Outweigh Entitlement Obligations

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“These interest cost estimates assume Congress extends several current policies, such as the Bush-era tax cuts. They also assume reduced spending on overseas contingency operations.

NEW YORK (CNNMoney) — Interest rates on U.S. bonds may be ridiculously low, but that doesn’t mean the country’s future interest payments on the national debt will be.

Uncle Sam will shell out more than $5 trillion in interest payments over the next decade, according to the latest projections from the Congressional Budget Office…”