Rising US Debt Interest Payments Projected to Surpass Defense Spending Within 5 Years

The US government's debt is growing rapidly and interest payments are projected to surpass defense spending in the next 5 years.

The Congressional Budget Office estimates interest payments could rise from under $500 billion now to $1.4 trillion by 2033 if debt keeps rising.

Rising debt service costs could force the government to raise taxes and lead the Federal Reserve to maintain higher interest rates.

Ballooning debt could fuel further Treasury bond sell-offs, slowing economic growth as spending gets redirected to interest payments.

Greater debt burdens tend to lead to lower stock market returns over time due to the link between GDP growth and market performance.