Net interest expenses on U.S. federal debt as a percentage of GDP are projected to nearly triple the share of defense spending by 2054.
By 2054, net interest expenses are expected to reach 6.3% of GDP, while defense spending will account for 2.3% of GDP.
For comparison, since 1973, net interest expenses have averaged only 2.1% of GDP, which is just one-third of the projected 2054 amount.
Meanwhile, nominal interest payments are forecasted to reach a MASSIVE $1.7 trillion by 2034, which is 2.6 times higher than the $658 billion recorded in 2024.
Calling it a debt crisis is an understatement.
submitted by /u/XGramatik
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