Interest Payments on Debt to Exceed Defense Budget in 5 Years

New analysis by the Senate Budget Committee Republican staff finds that, under President Obama’s proposed budget, interest payments on debt will exceed the defense budget in just 5 years.

Here’s a chart put together by the Republicans, who are led by Ranking Member Jeff Sessions, on the Senate Budget Committee:

“Interest costs to finance national debt exceed defense spending by FY 2020,” the chart reads.

The Weekly Standard

Interest Payments on Debt to Exceed Defense Budget in 5 Years