US debt interest payments are unsustainable and flash ‘huge warning signs’ as they take over federal spending, budget expert warns
By Filip De Mott, Business Insider
US debt this past week hit an all-time high of $33 trillion amid a ballooning federal deficit and a massive wave of Treasury bills.
To be sure, rising debt in itself is not automatically cause for concern, as it’s uncommon for nations to completely pay down large balances. Instead, a more meaningful gauge may be the ability to keep up with debt-service payments.
