Here is the ugly truth. The most alarming part of our nation’s interest costs, is that they are completely dependent upon demand for our government debt on the open market. As the projected growth of interest payments on the debt threatens to crowd out other spending priorities, the time is now to change our nation’s spending habits with a recognition that the current debate on the discretionary budget only covers one-third of federal government spending. However, any hope we have to comprehensively change our fiscal spiral to insolvency will be determined by Congress’ reaction to the President’s budget proposals. Follow Americans for Limited Government on Twitter@LimitGovt, find them on Facebook and visit their website.

Source: Fox News March 17, 2017 01:07 UTC