According to the Congressional Budget Office (CBO), annual net interest spending on the projected national debt which already costs more than our national defense budget — up 153% since Joe Biden first took office — will grow more than 36% higher within a decade.

U.S. debt held by the public (DHBP) — money that government owes to itself expressed as a percentage of gross domestic product (GDP) — reached $29 trillion in 2024, 99% of GDP, $2 trillion more than the 97% at the end of 2023.

This unsustainable deadly trend is on track to reach 116% of GDP in 2034, and upward to 166% of GDP by mid-century (2054).

Read more at Newsmax© 2025 Newsmax. All rights reserved.