US Debt and Interest Payments
Net interest on the $36 trillion US national debt totaled $84 billion in June, down slightly from May, but still higher than any other category with the exception of Social Security.
For the year, net interest — what Treasury pays on the debt it issues minus what it earns on investments — is at $749 billion.
Total interest payments are projected at $1.2 trillion for the full fiscal year.
US pays more interest than it spends on Healthcare, Defense,Education or any other category except Social Security.
That is why Trump is pushing the Fed to cut rates.
Interest payments are unsustainable and debt levels are rising with a high fiscal deficit being funded by issuing more debt.
Ajay Bagga