Rep. Ralph Norman Warns of Ticking Time Bomb as Interest Burden Grows

Rep. Ralph Norman Warns of Ticking Time Bomb as Interest Burden Grows
Rep. Ralph Norman (R-S.C.) at a hearing in the US Capitol in Washington on Sept. 30, 2020. Greg Nash/POOL/AFP/Getty Images
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During Wednesday’s “Reigniting American Growth and Prosperity Series: Removing the Burdens of Government Overreach” hearing, Rep. Ralph Norman (R-S.C.) expressed reservations about President Joe Biden’s policy and fiscal responsibility, insisting the mounting interest burden facing the nation is a ticking time bomb.
“We’ve got $660 billion in interest alone. That’s going to surpass our military budget.,” he said. “You’ve got to face it at some point.”