Re:Why the Dollar's Reign Is Near an End
by dantheman on Wednesday March 02, 2011 @02:21PM
(#2280796)
Interest on the debt, currently it's about 200 Billion (10% of tax receipts). In 2020, it will be 800 Billion (40% of the federal budget), if you add in medicare and SS then boom you're over 100%. Exponential growth while slow at the start, can relatively quickly become quite large.
http://investmentwatchblog.com/interest-expense-on-the-us-de...