https://www.pgpf.org/blog/2023/05/what-is-the-national-debt-costing-us
- In this fiscal year, spending on interest will become greater than mandatory spending for income security programs — a category that includes programs targeted to lower-income Americans such as the Supplemental Nutrition Assistance Program; earned income, child, and other tax credits; Supplemental Security Income; unemployment compensation; family support and foster care; and child nutrition.
- In fiscal year 2024, interest payments will surpass the combined amount that the federal government spends on major healthcare programs other than Medicare, which is comprised of Medicaid, the Children’s Health Insurance Program (CHIP), and premium tax credits and related spending.
- In fiscal year 2028, the federal government will spend more on interest than on defense.
- In fiscal year 2031, the federal government will spend more on interest than on non-defense discretionary, which includes funding for transportation, veterans, education, health, international affairs, natural resources and environment, general science and technology, general government, and more.