Read this New York Times article about the national debt.
  • The national debt is now $12 trillion.
  • The interest payments on that debt will exceed $700 billion a year in 2019, up from $202 billion this year, even if annual budget deficits shrink drastically, which they won't.
  • That extra $500 billion a year in interest payments is more than the combined federal budgets this year for education, energy, homeland security and the wars in Iraq and Afghanistan.
  • "The United States’ long-term budget crisis is becoming too big to postpone.

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