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Open original source ↗The result of 1) ever-rising public debt and 2) no longer structurally decreasing interest rates to offset it is: 3) the deficits are going to be *lit* for the foreseeable future.
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The Interest Expense on US Public Debt hit $1.3 trillion over the last 12 months, another record high. If it continues to increase at the current pace it will soon be the largest line item in the Federal budget, surpassing Social Security. https://t.co/MGMoHs5RjV
charliebilello ↗