On the recordMarch 12, 2024
According to the Congressional Budget Office, interest on the debt will total $870 billion this year, exceeding what we expect to spend on national defense.
Source
congress.govEditor's note · Context
Grassley highlights the alarming debt service costs compared to national defense spending.
Share
More from Charles E. Grassley
Jul 15, 2026
I hope Democrats caught up in the otherwise bipartisan text tranche will finally discard their partisanship and recognize the severity of the alleged violations by Smith," Grassley added.
Jul 9, 2024
Updating the Budget Act for the 21st Century is a shared goal worth continuing to work towards.
Sep 11, 2024
Not only does the Biden-Harris budget fail to extend Social Security's solvency, their budget projects that the policies it contains would reduce Social Security payroll tax revenues by $17 billion.
Sep 11, 2024
Congress must work in a bipartisan fashion to save Social Security once and for all.
Other voices in this conversation
