The Congressional Budget Office (CBO) now projects that by the end of the budget window in 2024, interest payments on the U.S. debt will quadruple, reaching a stratospheric $880 billion a year.
According to Senate Budget Chairman Sen. Jeff Sessions (R-AL), that will mean interests payments on the debt will be 105 times larger than the FBI’s budget.
This year, CBO says the U.S. taxpayers will spend $233 billion on interest payments to America’s $17,544,074,000,000 debt.
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