@AwetTesfaiesus I think it is, we would need to look more closely at the tax base and inflation there.

Guessing here: Society needs to spend more, but the tax money isn't growing, so we have to finance the rest with the debt.

As some economists would say, the citizens no longer pay for the govt directly. The rich investors borrow the money and take interest.

Maybe at some point the taxes will be spent only to pay off the investors... We'll see