SCARY NATIONAL DEBT CHART

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CHART: Interest On National Debt Vs. Defense Spending

Interest Payments On The National Debt Will Soon Exceed Defense Spending!

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Washington's Spending Insanity Must Be Stopped

We're borrowing money to pay interest on money we've already borrowed.

In a decade, federal spending to pay for the interest on America's debt will exceed total spending on the defense budget by $125 billion, or 20 percent, according to CBO.

In fact, the interest payments are likely to be even higher, since these assumptions are based on the historically low interest rates remaining the same, which is not likely over the course of the next decade.

"If interest rates rise just 1% point above baseline projections, the government would pay an additional $1 trillion in interest payments over ten years." The projections are based on President Obama's current budget plan.  Overall, his budget would increase federal spending 58% - from a budget size of $3.6 trillion today to $5.9 trillion in 2022.