The Problem With Mounting Debt

The federal government's GAO, the government accountability office, acts almost like an independent accounting and forecasting body. And this is an analysis I think they put out a few weeks ago showing that as of the fiscal year 22, 8% of the overall federal budget was going towards interest spending. By fiscal year 25, it'll be 26%. Then net interest spending will need to grow to half of the budget. Up and around breaking 6 trillion a year and tax revenue by deficit here.