Hoover Fellow, John Cogan, details how interest payments on federal debt alone will account for 40% of personal income tax revenues in only the 10 years, leaving the United States unable to fully fund our national defense and fulfill its social safety net obligations.

Be sure to visit The Hoover Institution at https://www.hoover.org/ and PolicyEd at https://www.policyed.org/

Check out more from John Cogan:

Watch "Factors that Promote Economic Prosperty" with John Cogan. Available here:
https://www.policyed.org/policy-brief...

Watch "The Negative Effects of High Taxes" with John Cogan. Available here:
https://www.policyed.org/policy-brief...