Interest from debt is crowding out other expenditures in the yearly government budget.

Effect

Interest payments on debt are causing multiple negative effects.

1. Taking funds away from other government expenditures 

2. Increasing interest rates thereby impacting future economic activity

History

(Weimar government article) 

Common Sense

Creating a surplus in the budget by reducing expenditures and increasing taxes so the debt and interest can be reduced. 

Responses from Legislators 

United States Representative Frank Mrvan – 1st Indiana Congressional District 

United States Senator Jim Banks – Indiana

United States Senator Todd Young – Indiana