$39T national debt.
10Y yield: 4.44%.
Annual interest: ~$1.1T.
That exceeds the entire defense budget.
The US is paying more to service its past than to defend its future.
There is no clean exit from a fiscal spiral at this scale.
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$39T national debt.
10Y yield: 4.44%.
Annual interest: ~$1.1T.
That exceeds the entire defense budget.
The US is paying more to service its past than to defend its future.
There is no clean exit from a fiscal spiral at this scale.
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