Interest as a Percentage of All Federal Outlays
by The Brookings Institution on Feb 26, 2014 | Views: 163 | Score: 2
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by The Brookings Institution on Feb 26, 2014 | Views: 163 | Score: 2
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There are two reasons that interest rates represents a growing slice of the federal budget: (1) As long as the federal government spends more than it takes in, it'll be borrowing more each year; and (2) the interest rates the U.S. Treasury pays on its borrowing are really low now, but they won't stay low forever.