Wall Street Mav|Sep 29, 2026 00:09
Interest rates are rapidity making the national debt unaffordable. The 10 year treasury rate has gone from 4.7% to over 5.2% in the past 30 days.
The US govt has to sell $10 trillion in govt debt in the next 12 months. With refinancing and adding new $2 trillion per year of debt, interest payments will swallow the budget in the coming years.
$2 trillion per year in interest payments, or 40% of all taxes and fees and tariffs collected, is coming.
The Fed will likely have to starting printing again to bail out the govt.
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