In honor of Tax Day
from www.cbpp.org/4-14-08tax.htm
which explains all the details.
9% for debt service, that sounds like a lot.
The federal government must make regular interest payments on the money it has borrowed to finance past deficits — that is, on the national debt. In 2007, these interest payments claimed $237 billion, or a little less than 9 percent of the budget.
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