“This Issue Has Just Disappeared”: Feds Will Soon Spend More in Interest on Debt than Military and Medicaid

"Interest costs already dwarf spending on many popular programs. For example, grants to students from low-income families for college total roughly $30 billion — about one-tenth of what the government will pay in interest this year. Interest payments will overtake Medicaid in 2020 and the Department of Defense budget in 2023."