The Interest Expense on US National Debt rose to a record $1.27 trillion in the last 12 months, more than doubling over the past 4 years. The US Government now spends more money on interest than it does on National Defense.
Gen-Z's docility as the Republicrat duopoly subjects them to the most brutal intergenerational shafting in U.S. history is truly remarkable. This level of debt is utterly unsustainable.
The national debt will never be repaid by broke-ass Gen-Zs & Millennials. Instead, the Keynesian fraudsters at the Fed will print (inflate) it away, resulting in Zimbabwe-level hyperinflation.
an_iconoclast on
Someone help me understand this upward trend. Here’s my hypotheses:
For the last few years, the interest rate has been relatively higher. Since a big chunk of US treasury bonds get due every year (25%-33%), they need to take new debt to pay the old debt. Since the new debt need to be issued at higher interest rates, the total interest payout has ballooned. Is this is roughly what’s happening?
If yes, are things expected to settle a little bit, since:
* ~$10T of debt coming due but the interest rate is also relatively lower
* Interest rates might still keep going lower, given the new Fed governor would be in place by mid-next year
I understand the question is a bit quantitative, so looking for replies from those who work in this area!
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Source: [https://x.com/charliebilello/status/2011268254489026566](https://x.com/charliebilello/status/2011268254489026566)
The national debt will never be repaid by broke-ass Gen-Zs & Millennials. Instead, the Keynesian fraudsters at the Fed will print (inflate) it away, resulting in Zimbabwe-level hyperinflation.
Someone help me understand this upward trend. Here’s my hypotheses:
For the last few years, the interest rate has been relatively higher. Since a big chunk of US treasury bonds get due every year (25%-33%), they need to take new debt to pay the old debt. Since the new debt need to be issued at higher interest rates, the total interest payout has ballooned. Is this is roughly what’s happening?
If yes, are things expected to settle a little bit, since:
* ~$10T of debt coming due but the interest rate is also relatively lower
* Interest rates might still keep going lower, given the new Fed governor would be in place by mid-next year
I understand the question is a bit quantitative, so looking for replies from those who work in this area!