Europe runs 3% deficits and gets universal healthcare, tuition free universities, 25+ days paid vacation, working trains, and no GoFundMe for surgeries. The U.

Europe runs 3% deficits and gets universal healthcare, tuition free universities, 25+ days paid vacation, working trains, and no GoFundMe for surgeries. The U.S. runs 6–8% deficits and gets vibes, weapons, and insulin at $300 a vial. Who's on the unsustainable path and really overspending? If the average interest rate on U.S. government debt rises to 14%, then 100% of all federal tax revenue (around $4.8 trillion/year) will be consumed just to pay interest on the $34 trillion national debt. As soon as the current Fed Chairman gets fired, practically a certainty by now, nobody will buy US bonds for less than 10 to 15% interest.