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Obama Budget: Debt Payments to Exceed Defense Budget Within the Decade

plumbrite Wrote: Apr 06, 2012 4:50 PM
i'd rather see chuck norris's fist between his eye's out with the idiot 2012

A perilous tipping point, via the Senate Republican Budget Committee and the Weekly Standard:

Under this president's unanimously-rejected 2013 budget, federal spending on national debt interest payments would surpass our total defense budget within seven years.  Furthermore, current federal revenue levels will cover only Medicare, Medicaid, Social Security, and debt financing by 2025, according to Obama's own...