The Federal Interest Bill Just Hit $1 Trillion — Bigger Than the Entire Defense Budget.

For every dollar you pay in federal taxes, 19 cents now goes to paying interest on debt Washington already ran up.

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Chart of the Day — July 15, 2026 (Part 2)

FY 2026 Projected Federal Spending

Social
Security

$1.65T

Medicare

$1.05T

Net
Interest

$1.0T

Defense

$885B

Medicaid

$708B

Interest was $375B in FY 2019. It has nearly tripled in seven years.

Source: CBO, February 2026 Baseline

You probably think the biggest checks Washington writes go to the military. Or maybe Medicare. Not anymore.

This fiscal year, the federal government will spend $1 trillion on interest payments alone. That’s the cost of servicing $38.5 trillion in accumulated debt. Interest first passed defense in 2024. Now the gap is $115 billion — and widening.

Look at the chart. Interest on the debt is now the third-largest line item in the federal budget... behind only Social Security and Medicare. Bigger than what we spend defending the country. Bigger than Medicaid. And here’s the part that really gets me: in 2019 — just seven years ago — that interest bill was $375 billion. It has nearly tripled.

You got nothing new for it. Not a single road. Not a single aircraft carrier. Not a single benefit check. That money goes out the door to bondholders — including foreign governments — as the price of yesterday’s spending.

Here’s what most people get wrong. They think this is a future problem. Something for the grandkids to sort out. But the CBO projects interest costs will double again — to $2.1 trillion — by 2036. That’s ten years from now. That’s your retirement. Every dollar that goes to interest is a dollar that can’t go to veterans’ care, infrastructure, or lowering your tax bill.

Put it this way: for every dollar you send to Washington in taxes, 19 cents goes to interest. You can’t drive on it. You can’t eat it. It doesn’t protect you. It just... goes.

The Takeaway

“The federal government now spends more paying interest on its debt — $1 trillion a year — than it spends defending the country. That number was $375 billion just seven years ago. By 2036, it’s projected to hit $2.1 trillion.”

Next time someone tells you deficits don’t matter, ask one question: what could we do with a trillion dollars a year if we weren’t paying interest on old IOUs? That’s worth bringing up the next time a politician promises you something new... and doesn’t explain how we pay for it.

More tomorrow. Stay sharp.

— Ray Calloway

*Disclaimer: Energy Exploration Technologies, Inc. (“EnergyX”) has engaged [Chart of the Day] to publish this communication in connection with EnergyX’s ongoing Regulation A offering. [Chart of the Day] has been paid $250 per lead___ in cash and may receive additional compensation. [Chart of the Day] and/or its affiliates do not currently hold securities of EnergyX.

This compensation and any current or future ownership interest could create a conflict of interest. Please consider this disclosure alongside EnergyX’s offering materials. EnergyX’s Regulation A offering has been qualified by the SEC. Offers and sales may be made only by means of the qualified offering circular. Before investing, carefully review the offering circular, including the risk factors. The offering circular is available at invest.energyx.com. Comparisons to other companies are for informational purposes only and should not imply similar results.

Seven Years Ago, Washington's Interest Bill Was $375 Billion. Here's Where It Stands Now.

The Federal Interest Bill Just Hit $1 Trillion — Bigger Than the Entire Defense Budget.

How Texas Will Become a Lithium Powerhouse

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