CBO: President's Budget To Nearly Quadruple Annual Interest Payments On The Debt - Sen. Jeff Sessions
Today, the Congressional Budget Office released its estimation of the President’s FY15 budget plan. According to CBO’s estimate, the President’s plan will bring annual interest payments on the debt to $838 billion in one single year. That single year’s payment will be more than 82 times what we’ll spend on the FBI in that year and nearly 17 times what we’ll spend on the federal highway and road safety budget.
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