The United States may soon spend more on interest than it does on military, Medicaid, or children’s programs, according to a report by the Congressional Budget Office, September, 25.

Here’s what that means for you

The Trump Administration has achieved many firsts. One of these is that for the first time in the nation’s history, the total national debt passed $20 trillion, and, if untreated, would reach $33 trillion by 2028. That makes its deficit 113 percent of its debt-to-GDP ratio.

Experts have calculated that if the US tops 77%, it’s unlikely to repay debtors, including the public, Federal Reserve and foreign governments. Forget it, the Trump Administration has turned the $9.4 trillion debt increase forecast they inherited from Obama into $13.4 trillion. That’s a nearly 50 per cent increase, growing all the time.