The US debt Burden

[foolsgold]

At what point does the interest on our debt become the largest item in the budget.

Is there way to calculate the interest on our debt or is it published?

 

[Goldhedge]

left side 3rd down

https://www.usdebtclock.org/

 

[searcher]

is it published?

Interest Expense on the Debt Outstanding | U.S. Treasury Fiscal Data

The Interest Expense on the Debt Outstanding dataset shows monthly and fiscal year-to-date values for the amount spent on interest on U.S. debt.

fiscaldata.treasury.gov

 

[Joe King]

Straight from the horses mouth.


Federal government current expenditures: Interest payments.

Federal government current expenditures: Interest payments

Graph and download economic data for Federal government current expenditures: Interest payments (A091RC1Q027SBEA) from Q1 1947 to Q1 2023 about payments, expenditures, federal, government, interest, GDP, and USA.

fred.stlouisfed.org

 

[nickndfl]

We can go another 25 years just like Japan until suddenly we cannot. Then everything implodes or gets reset often by a hot war.

 

[Joe King]

We can go another 25 years just like Japan until suddenly we cannot. Then everything implodes or gets reset often by a hot war.

If interest rates stay substantially elevated from recent "norms", it won't take 25 years. Interest payments already are approaching the level of defense spending.
....and that's with only a small portion of the total debt having been rolled over with a higher interest rate.

Half of the $31.4T in debt has to rolled over every 6 years. That means if rates stay at this level, it won't be much longer, a few years at most, before interest payments swamp the fed.gov budget.

The "plan" is to keep rates up in order to break inflation.

If the fed lowers rates prior to that happening, and inflation stays high, everything the fed has tried to do over the past year and a half, will have been for nothing.

Well, nothing other than to have hurt the banking system and to have cost the gov more in interest payments for no good reason.

 

[foolsgold]

Using the numbers from the Debt Clock I just performed a quick back of the napkin calculation of these four categories...

Medicare/Medicaid
Social Security
Defencse/War
Interest on Debt

And "Interest on Debt" is rising fastest.

 

[Joe King]

And "Interest on Debt" is rising fastest.

It can only keep growing faster and faster as more and more debt gets rolled over into higher rates.

 

[Goldhedge]

We can go another 25 years just like Japan until suddenly we cannot. Then everything implodes or gets reset often by a hot war.

Which is what the neocons want and need to hide the system beneath the shrouds of war....