The cost of interest on the national debt is projected to rise from 1.2% of the economy to 7.6% between 2015 and 2049. At that point, interest costs will consume 42% of all tax dollars, and become the largest single expenditure in the federal budget.

The cost of interest on the national debt is projected to rise from 1.2% of the economy to 7.6% between 2015 and 2049. At that point, interest costs will consume 42% of all tax dollars, and become the largest single expenditure in the federal budget. https://t.co/Fid793ElZ1

— Manhattan Institute (@ManhattanInst) February 13, 2020