Projections show debt gradually rising
Under current conditions, by 2023, the interest payments on the national debt will be $722 billion, larger than the projected defense spending of $696 billion.
Lacking significant context
According to a federal report, Obamacare will increase the long-term federal deficit by $6.2 trillion.
No turbulence on this claim.
"Two days of interest we pay to China is enough to buy one joint strike fighter [jet]."
A solution to the debt ceiling that's not as easy as it looks
"The U.S. won't default, because default means that you don't pay your creditors. And it takes about 10 percent of the money that's coming in right now" to pay interest to bondholders.
Broun's off by a factor of two
Says the federal government borrows "almost $60 billion per week."
Fewer workers support more retirees
"There used to be 16 workers for every one person on Social Security. ... Now it’s three."
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