Oct. 15, 2018, Fairfax, Va.—Americans for Limited Government President Rick Manning today issued the following statement in response to the year-end FY 2018 deficit numbers:
“Looking at the just-released deficit numbers, it is clear that the rising interest rates are indeed significantly increasing debt interest payments, which spiked by $65 billion. It is sobering that more than half of the 2018 deficit increase is attributable to interest payments on the debt. The Office of Management and Budget needs to work closely with Congress in trimming the planned 2019 spending splurge before our nation drowns in interest-only payments and they should start during the lame duck session of Congress after the election.”
To view online: https://getliberty.org/2018/10/interest-payments-account-for-half-of-fy-2018-deficit-increase/
Interview Availability: Please contact Americans for Limited Government at 703-383-0880 ext. 1003 or at media@limitgov.org to arrange an interview with ALG experts.
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