Federal revenues in November rose $23 billion to $275 billion, a 9% increase from a year earlier.
Outlays jumped $88 billion to $589 billion, 18% higher than a year earlier. Interest payments on U.S. government debt accounted for $25 billion of the increase.
The outlay for interest on the debt in November, at
$80 billion, surpassed the$66 billionoutlay for national defense, which was up $8 billion from a year earlier. The outlay for the government-run Medicare health insurance program also rose by $8 billion, to$93 billion, while the outlay for the government-run Medicaid program for the poor and disabled climbed $2 billion to$50 billion.
TFW your interest payments approach medicare spending
The weighted average interest rate on the $26 trillion of outstanding Treasury securities rose to 3.10% last month from 2.22% in November of last year.
Seems nice in 
sense, if fed won’t drop interest rates in the next year, libertarian bugbear about deficits will come closer to fruition
Fmr. Fed. Chm. Alan Greenspan: The United States can pay any debt it has because we can always print money to do that.
If we paid off the deficit then there would be no dollars left*, because every dollar was created out of thin air by the government.
*Except for the dollars created by private banks, but those dollars are cancelled 1:1 by the loan debts they were created for.
but the dollars created by the lower banks are leveraged on the existence of dollars they have? fractional reserve right?
I’m sure it’s true that if the debts were paid in full, banks would cease to function along with the rest of the economy. But fractional reserve is a myth.
I found a YouTube link in your comment. Here are links to the same video on alternative frontends that protect your privacy:
I found a YouTube link in your comment. Here are links to the same video on alternative frontends that protect your privacy: