4 ms·
Interest is on its way to be the largest category of spending by 2051. This assumes rates never go above 4%. Every 1% increase is basically equivalent to adding
by Acrobatic_Road 3y ago
Interest is on its way to be the largest category of spending by 2051. This assumes rates never go above 4%. Every 1% increase is basically equivalent to adding another defense department.
https://www.crfb.org/blogs/interest-costs-will-grow-fastest-over-next-30-years https://www.crfb.org/blogs/interest-costs-will-grow-fastest-...