Surging Federal Debt and Interest

The federal government is projected to spend more on servicing old debt than on essential programs like Social Security, with interest on debt becoming the largest item in the federal budget. This staggering cost has risen to $1.4 trillion, translating to nearly $900 per month for each American household solely for federal interest. Including private debts such as mortgages and car loans, the average American family faces about $1,350 monthly in debt interest, rivaling housing costs. This financial burden signifies a severe addiction to spending from both political parties, each focusing on their priorities rather than addressing the crippling national debt.