From the Good Old Days of 2008 when the National Debt was only 9.5 trillion bucks… and I wrote:
“… the Soviet Union collapsed because it could not afford to continue paying for all its pet projects….
This will be America’s undoing as well. The U.S. simply cannot afford all that we have committed to do and it will bankrupt us.
…
“It should be obvious that the interest payment on a debt of 9.5 trillion dollars is a significant portion of the federal budget. In 2007, interest on the national debt was 430 Billion dollars. It wasn’t all that long ago that the entire federal budget was less than that.”
Worth revisiting…