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Federal Debt Service Payments as Percent of Gross Domestic Product

A combination of low interest rates and a strong economy means the US is spending a typical amount of the entire US economy on federal debt servicing. In 1970s and 1980s, with inflation, a weak economy, and heavy deficit spending, the federal government was spending a much greater portion of the gross domestic product on debt service.

Federal Reserve Bank of St. Louis and U.S. Office of Management and Budget, Federal Outlays: Interest as Percent of Gross Domestic Product [FYOIGDA188S], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/FYOIGDA188S, February 28, 2017.