The Federal Deficit Seems Like It’s Under Control

I’m not sure what prompted me to look at this, but I did. I suppose I’m just tired of Elon Musk (don’t ask) and taking a break. Anyway, here are federal interest payments as a share of GDP since 1960:

It’s hard to see any big warning signs here. This could become a problem if both the deficit and interest rates go up substantially, but as long as Republicans don’t enact another Reaganesque tax cut and inflation stays subdued, that seems unlikely.


We recently wrapped up the crowdfunding campaign for our ambitious Mother Jones Corruption Project, and it was a smashing success. About 10,364 readers pitched in with donations averaging $45, and together they contributed about $467,374 toward our $500,000 goal.

That's amazing. We still have donations from letters we sent in the mail coming back to us, so we're on pace to hit—if not exceed—that goal. Thank you so much. We'll keep you posted here as the project ramps up, and you can join the hundreds of readers who have alerted us to corruption to dig into.

We Recommend


Sign up for our newsletters

Subscribe and we'll send Mother Jones straight to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.


Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.


Share your feedback: We’re planning to launch a new version of the comments section. Help us test it.