Shocking stat of the day: Interest costs on US public debt may reach as much as $2.2 trillion over the next decade. This would mark a +127% increase from the $970 billion reported in FY2025. This comes as the government is projected to borrow ~$2 trillion annually over the next decade, pushing interest payments even higher alongside rising debt. As a result, at least ~50% of the money borrowed each year will go solely to service this debt. The US is on an unsustainable fiscal path.(The Kobeissi Letter)