US debt interest becoming one of government's biggest expenses

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National Debt News

Defense Spending,Market Domination,Rick Newman

Interest on the United States's national debt is on course to eclipse even the biggest proponent of the federal budget: defense spending which will amount to...

sits down with Market Domination to break down this frightening figure as it becomes one of the top three biggest challenges to balancing the national budget.The treasury puts out a monthly statement statement and it looks like something is gonna happen for the first time this year, which is that uh payments on the national debt, which is called net in net interest payments.It looks like that is going to be higher than defense spending.

I think it's gonna be a slow process, but uh we've seen uh a couple of downgrades of the US credit rating.The first one came in 2011 and then not much else happened until last year when we saw a couple more downgrades. Uh and that there's increasing question about the creditworthiness of the United States its ability to pay and that is gonna force interest rates higher.

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