Gov. spends more on debt interest than all combined welfare programs

Did you know that our federal government spent $413 billion on interest payments just last year? Which means in 2010 alone we spent more in interest payments than we spent on the Department of Health and Human Services, the Department of Energy, the Department of Veterans Affairs, the Department of Justice and Homeland Security, the Department of Agriculture, the Treasury Department, the Department of Labor and the small business administration — combined.

By the year 2021, just 10 short years away, our interest payments will reach a mind boggling $1.1 trillion a year according to a non-parsing Congressional Budget Office.

By 2046 all federal tax revenue received by Washington DC will be spent on interest payments alone — not one dollar left for anything else.