The US debt spiral is about to intensify: The CBO projects that US budget deficits will rise by an additional $1.4 trillion over the next 10 years. This comes as government spending is set to be $1.3 trillion higher than previously expected. At the same time, revenues are estimated to be $49 billion lower than prior forecasts. Furthermore, net interest is projected to surge to a record $2.1 trillion in 2036, more than doubling from 2026 levels. As a % of GDP, the deficit is projected to reach 6.7% by 2036, well above the 50-year average of 3.8%. What is the long-term plan here?(The Kobeissi Letter)