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Under Obama’s budget, interest on debt will exceed defense spending by 2019

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That’s just 2 years after he’d leave office should he win a 2nd term. Meaning the sh-t will hit the fan way before we reach that point.

Doughboy on April 5, 2012 at 4:54 PM

With the way Obama runs up deficits and wants to cut defense I’m surprised it will take that long.

alchemist19 on April 5, 2012 at 4:56 PM

And that’s assuming persistent low interest rates.

theperfecteconomist on April 5, 2012 at 5:02 PM

And that’s assuming persistent low interest rates.

theperfecteconomist on April 5, 2012 at 5:02 PM

Exactly. It assumes low interest rates and the economy staying at least as “strong” as it is now. If we go back into a recession, it’s over. And that’s to say nothing of what Obamacare will really cost once implemented.

Doughboy on April 5, 2012 at 5:03 PM

Ah, the graphic even says as much.

theperfecteconomist on April 5, 2012 at 5:04 PM

Change.

visions on April 5, 2012 at 5:37 PM

The only justice I can take about this whole Obama experiment is that the majority of folks who put him in office are much younger than I am, and will have to pay for this bullshit a lot longer than I will.

BobMbx on April 5, 2012 at 5:41 PM

Well, the libs have never liked spending on the military…

trigon on April 5, 2012 at 7:16 PM