Interest costs on the debt will exceed Medicare spending in 2018


Last year, taxpayers spent more than twice as much on the Medicare program as they did on interest payments on federal debt. But starting in 2018, the federal government will pay more in interest costs than it will spend on Medicare, the health insurance program for the disabled and people age 65 and older.

via First Read – Interest costs on the debt will exceed Medicare spending in 2018.

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