Publicly held U.S. debt is ~$31T (~100% of GDP) today / projected to hit 120% of GDP by 2036. Annual interest costs to surge to $2.1T/year. The real danger isn’t “big debt.” It’s when interest> growth
The Debt Spiral Tripwire: When Interest Costs…
Publicly held U.S. debt is ~$31T (~100% of GDP) today / projected to hit 120% of GDP by 2036. Annual interest costs to surge to $2.1T/year. The real danger isn’t “big debt.” It’s when interest> growth