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Congressional auditor: Interest payments on the national debt to top military spending by 2025

SEPTEMBER 17, 2019 | by Bethany Blankley | THE NEIGHBOR (GEORGIA)

Federal spending is expected to increase significantly, the GAO report states, primarily because of healthcare costs and interest payments owed on the national debt. Both are projected to grow faster than the economy over the next 30 years. Assuming revenues will remain constant at 17.4 percent of GDP – their 50-year historical average by 2029 – ‘absent policy changes, the government’s fiscal path is unsustainable,’ GAO states.

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