The government can survive one expensive year, but when trillions of old cheap debt keep getting replaced with higher-rate debt, the interest bill starts behaving like a bill that renews itself every year.
The government can survive one expensive year, but when trillions of old cheap debt keep getting replaced with higher-rate debt, the interest bill starts behaving like a bill that renews itself every year.
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The government can survive one expensive year, but when trillions of old cheap debt keep getting replaced with higher-rate debt, the interest bill starts behaving like a bill that renews itself every year. debt wall is here: $8 trillion gets refinanced.
debt wall is here: $8 trillion gets refinanced.
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