Projected Net Interest Costs
Net interest costs on the national debt are projected to rise sharply.
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Net interest costs on the national debt are projected to rise sharply.
By 2051, interest costs are projected to be more than three times what the federal government has historically spent on R&D, infrastructure, and education combined.
https://www.pgpf.org/chart-archive/0005_investments_interest
Interest costs are projected to grow substantially.
The PGPF chart pack illustrates that budget-making involves many competing priorities, limited resources, and complex issues.
CBO projects that interest rates will remain low throughout the decade.
https://www.pgpf.org/chart-archive/0269_interest_rates_projected_to_rise
Beyond 2030, rising interest costs are the driving factor in projected growth in annual deficits.
https://www.pgpf.org/chart-archive/0280_net_interest_primary_deficit
Compensation and medical care make up about 40 percent of the defense budget.
https://www.pgpf.org/chart-archive/0216_compensation_defense_budget
Healthcare costs in the U.S. have increased drastically over the past several decades.
Waiting to act raises the cost of stabilizing the debt.
Total U.S. health spending (public and private) is projected to rise to nearly one-fifth of the economy by 2025.
https://www.pgpf.org/chart-archive/0056_health-care-costs-proj