Interest rates weren't this high when we ran up a $33 trillion bill. My fear about this is that as long-term bonds expire, they will need to be re-issued at mu

Interest rates weren't this high when we ran up a $33 trillion bill. My fear about this is that as long-term bonds expire, they will need to be re-issued at much higher rates. A significant chunk of US tax revenue goes towards servicing the debt, and that chunk will only get bigger. The "debt ceiling" is a distraction from the real problem. It's a dumb political football.