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![Federal Government today pays more in interest on the debt](https://1a-1791.com/video/s8/6/h/n/w/c/hnwcv.qR4e.1.jpg)
Federal Government today pays more in interest on the debt
2 months ago
11
The Federal Government today pays more in interest on the debt than we do in budget for the Department of Defense. We pay $1.2B a year in JUST interest on debt. Total government spending is about $7T. Interest payments are $1.2T. DOD is $800B a year.
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