In 2024, the U.S. government spent $882 billion on net interest costs, which was the second-largest federal expenditure behind Social Security.
republican and trump solution? borrow more money! which means more tax money spent on interest. which means higher interest rates coming with credit rating downgrades. which means even more tax money spent on interest.
just one trillion of debt at 3 percent interest is 30 billion per year or 300 billion over a decade.
