With $31.4 trillion in debt and rates still rising, interest on the debt is growing out of control. Soon to exceed $1 trillion per year in interest payments on debt.
Soon to exceed $1 trillion per year in interest payments on debt. pic.twitter.com/smSYJKco0F — Wall Street Mav (@WallStreetMav) February 6, 2023 The US government is set to pay over $850B in interest on its debt this year. This is larger …