US government interest payments on federal debt surpass defense spending, indicating a trend towards increased debt costs, potentially constraining fiscal agendas.

The US government interest payments on the Federal debt are now higher than the annual defense spending.

This is likely the initial stages of a trend, and if no solutions are implemented, other components of the fiscal agenda may soon be constrained by the escalating cost of… pic.twitter.com/hBY2haxNyG

— Otavio (Tavi) Costa (@TaviCosta) July 20, 2023