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Interest on debt

In 2022, the interest payment for the national debt is expected to be over $500 Billion. This is interest paid to public holders of the debt; it doesn't include about $230 Billion in Intergovernmental debt holdings.

Think of what $500 Billion a year could pay for. According to the Department of Housing and Urban Development, it would cost only $20 billion to end homelessness in the United States. Providing free lunches for all school children up to grade 8 would cost about $30 Billion yearly.

We'll have a chart of historical interest payments here soon.