Just keeping the lights on, i.e. simply paying interest on the national debt, plus all the mandatory entitlement programs, burns through almost 100 % of their tax revenue. (sovereignman.com)
Such an increase would raise the U.S. debt - to - GDP ratio from 75 % to 85 % and send the cost of interest on our national debt to 13 % of all spending from 7.5 % currently. (fortune.com)
One wonders how the good justice would react to the civilization we are purchasing with today's federal taxes, of which, in 1974, 46 per cent went for current military operations and another 7 per cent for care of disabled veterans and the largely war - derived interest on our national debt. (religion-online.org)