I had heard a few months ago that the interest payment on the national debt was the third largest category of Federal expenditures. Is that correct? I think Social Security and perhaps national defense might have been a little bit ahead of payment of interest on the debt.
Sylvester Turner: “I had heard a few months ago that the interest payment on the national debt was the third largest category of Federal…”
On the recordMarch 7, 2001
Source
govinfo.govEditor's note · Context
Questioning the ranking of interest payments on the national debt among federal expenditures.
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