This is a good take on where we are headed with our debt.
More Future Tax Dollars Will Go to Pay Off Old Bills and Promises
Taxpayers have a nasty surprise coming. More and more future tax dollars will go to pay off old bills and old promises the federal government made, but couldn’t pay.
The money borrowed by the federal government will result in a national debt of some $20 trillion by the end of this decade and taxpayers will have to pay almost $1 trillion a year, just in interest.