from Geo-Graphics

U.S. Interest vs. Defense Spending

October 26, 2009

Blog Post
Blog posts represent the views of CFR fellows and staff and not those of CFR, which takes no institutional positions.

More on:

Budget, Debt, and Deficits

United States

InterestDefense

Near zero T-bill yields throughout 2009 is keeping U.S. debt service low even though the amount of outstanding debt continues to rise. A forecast increase in U.S. interest rates, along with growth in the amount of debt, will lift interest expenses sharply over the next ten years. In fact, as this chart shows, interest payments are projected to surpass defense spending by 2017. According to the Bureau of Economic Analysis, which collects data back to 1929, interest payments have never surpassed defense spending.

FT: U.S. Government Debt

Economist: America's Public Debt

More on:

Budget, Debt, and Deficits

United States

Up
Close