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A ‘rapidly growing death spiral.’ How our $31.3 trillion national debt is getting even more expensive.

Por: The Boston Globe Politics December 25, 2022

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WASHINGTON — For decades, worries about the exploding national debt—now a staggering $31.3 trillion — were tempered by low interest rates that made it relatively cheap to keep borrowing.But with interest rates rising rapidly, a long-feared debt crisis could be arriving soon.Like a consumer grappling with a massive credit card balance, the federal government is paying more just for the interest on the national debt. Government projections... + full article



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