Rising net interest outlays consume resources not available for other government purposes such as defense, non-defense spending, social programs, or tax relief, creating a crowding-out effect at the federal level.

causalpending

Speaker

Philip Swagel

Evidence Quote

“those net interest payments are resources that are not available for that”

Source

CBO Director: What Happens When Debt Hits 122% Of GDP | Phillip Swagel— David Lin
Created: 8/12/2026, 6:26:40 PM

My Notes

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