US debt outstanding $40,032,876,505,819
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Editorial illustration for: The interest on their borrowing

The interest on their borrowing

The budget line nobody voted for and everybody pays.

Last year the U.S. paid $970 billion in interest on the national debt — more than it spent on defense ($917B) or Medicaid ($668B). That's $30,758 every second, about $7,300 per average household.

Both parties built the debt: +$7.8 trillion in Trump's first term, +$8.5 trillion under Biden, +$3.8 trillion in the first 19 months of Trump's second.

Interest buys nothing — no road, no school, no benefit. It comes off the top of your taxes first, every year, until the direction changes.

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Interest on the debt now outspends the Pentagon — $30,758 every second, and it buys nothing.

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