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Interest costs are projected to become the largest category of the budget.
Solutions Initiative 2019: Projected Federal Debt
Federal debt is on an unsustainable path.
Interest costs are projected to grow substantially.
Mandatory programs and interest costs will take over more of the federal budget, squeezing discretionary programs.
Spending on federal entitlement programs will more than double between 1984 and 2049.
Debt rises and falls with wars and changes in the economy. Debt is currently higher than it has been at any point since 1950.
By 2049, interest costs are projected to be more than twice what the federal government has historically spent on R&D, infrastructure, and education combined.
The national debt is on an unsustainable path.