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by CalRobert 312 days ago
Surprised he didn’t also mention US national debt and servicing it as interest rates rise.
2 comments

Why would he? I’ve been hearing concerns about national debt my whole life (including the 80s when interest rates were a hell of a lot higher than now), and I’m retirement age. I’m not saying those chickens won’t eventually come home to roost, but probably not anytime soon. The U. S. has become quite skilled at giving that tin can a swift kick down the road.
I generally agree but servicing costs alone are over a trillion a year and have doubled in the last five or so, which is worrying. I don’t see how current leadership can address this https://www.cbsnews.com/news/trump-big-beautiful-bill-federa...
Because paying the interest on the debt is now the fourth leading cost of the federal government, and since we are running an ever-increasing deficit, it will only grow.

The chickens are flocking around the roost now.

True, but as a percentage of GDP we're at historical (peacetime) highs.
> US national debt and servicing it

The OBBB, championed by the so-called "fiscally conservatives", accelerated this, but this will largely get ignored until/if a Democrat is in office again. Then large swaths of people will suddenly start caring about the national debt.