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Interest on US Federal debt is out of control:The annual interest expense on US debt is literally moving in a straight line higher, now at $1.1 TRILLION.To put this in perspective, less than 3 years ago the annual interest expense on this debt was $450 billion.That's a 144% jump as total US debt has surged by over $11 TRILLION since 2020.Even in 2008, at the peak of the Financial Crisis, annual interest expense was just $450 billion.
https://twitter.com/KobeissiLetter/status/1782840752336261166
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