To the moon! The interest payments of the US Government as old debt is rolled into new one.

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See also  Cleveland Fed Governor Loretta J. Mester believes interest rates should go higher... Richmond Fed Governor Thomas Barkin: I also want to reduce inflation,” “And if more increases are what’s necessary to do that I’m comfortable doing that.
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fred.stlouisfed.org/series/A091RC1Q027SBEA

fred.stlouisfed.org/series/GFDEBTN

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