Unpopular opinion: The US debt spiral doesn’t matter nearly as much today as many people think it does.
Even at these higher interest rates.
Someday, it will matter very much. But we are YEARS aw...
That's actually a popular opinion. Wrong, but popular. 900B to 1 trillion per year in interest payments annually is a huge problem, and a reason why our country fracturing more and more.
Instead of spending 1T on homeless or food, courts, whatever, it goes to pay other countries back, pensions, hedge funds, and more thst own our debts.
The debt and debt service is exponemtial, and unsustainable, and we are all paying the inflation tax because of it.
Instead of spending 1T on homeless or food, courts, whatever, it goes to pay other countries back, pensions, hedge funds, and more thst own our debts.
The debt and debt service is exponemtial, and unsustainable, and we are all paying the inflation tax because of it.
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