Does this stress anyone out at all?
US interest costs tied to the national debt reached a record $1.4 trillion over the past 12 months.
Since 2020, the cost of servicing US public debt has nearly TRIPLED.
If interest rates remain stable, interest payments are expected to rise to $1.7 trillion by November 2028.
As a result, interest will for the first time exceed Social Security spending and become the largest government expenditure item.
US debt is spiraling out of control. (via The Kobeissi Letter)
