The government of the United States increased it's own credit card limit today, adding another $781 Billion to it's limit. Why $781 Billion and not $800 Billion? Well, their credit limit now stands at $8.97 Trillion. Who wants to be the one to make it hit $9 Trillion?

From Bloomberg:

The government will spend $217 billion on interest on the debt this year, according to the Congressional Budget Office. By contrast, federal spending for the Department of Education is $83 billion.

Mind you, the U.S. Military spends approximately $663 Billion when you add up on-budget and off-budget items. For instance, the cost of the war in Iraq is done through appropriations and is not part of the official budget. So interest payments don't look too big when compared with that number.