In One Year, Spending on Interest on the National Debt Is Greater Than Funding for Most Programs
Everyone wants to know more about the budget and here is some key information with a chart from the Heritage Foundation and a video from the Cato Institute.
In 2010, the U.S. spent more on interest on the national debt than it spent on many federal departments, including Education and Veterans Affairs.
BILLIONS OF DOLLARS (2010)
Chart 29 of 42
Net Interest Spending Will More Than Triple Over the Next Decade
Entitlements Will Consume All Tax Revenues by 2049In Depth
-
Policy Papers for Researchers
- COMMENTARY ON JULY 21, 2010Five Ways to Tackle Spending and Deficits
- BACKGROUNDER ON MARCH 09, 2011Obama’s 2012 Budget Offers More Gimmicks, Not Reform
-
Technical Notes
The charts in this book are based primarily on data available as of March 2011 from the Office of Management and Budget (OMB) and the Congressional Budget Office (CBO). The charts using OMB data display the historical growth of the federal government to 2010 while the charts using CBO data display both historical and projected growth from as early as 1940 to 2084. Projections based on OMB data are taken from the White House Fiscal Year 2012 budget. The charts provide data on an annual basis except… Read More
-
Authors
Emily GoffResearch Assistant
Thomas A. Roe Institute for Economic Policy StudiesKathryn NixPolicy Analyst
Center for Health Policy StudiesJohn FlemingSenior Data Graphics Editor
The Daily Hatch 