Rising rates mean higher borrowing costs, forcing the U.S. into a cycle of issuing more and more (and more) debt to meet our obligations.
This is completely unsustainable.
sophiazaller on Nostr: The federal government currently spends over $1 billion *DAILY* on interest payments ...
The federal government currently spends over $1 billion *DAILY* on interest payments to service the national debt.
Rising rates mean higher borrowing costs, forcing the U.S. into a cycle of issuing more and more (and more) debt to meet our obligations.
This is completely unsustainable.
Rising rates mean higher borrowing costs, forcing the U.S. into a cycle of issuing more and more (and more) debt to meet our obligations.
This is completely unsustainable.