🚨IMF Steps Up Its Warning to US Over Spending and Ballooning Debt Interest payments on U.S debt continues to hit record highs This is unfolding as the 10-year yield could climb to 16-year highs of +5%. Ouch.
@GRDecter 16 year highs? 🤯 a lot has changed since then. I wonder how will things get affected
@GRDecter 🚨Breaking News: Congress ignores warnings and buys two NEW Wars! 😃😃
@GRDecter Brought to you by I’ll-advised Republican tax cuts.
Yes, and compare the 10-year yield today with the US's average interest rate on publicly held debt of just 2.5% in 2023 -- imagine how high interest expense will climb if the US needs to issue/refinance debt at today's rates for a prolonged period. Source: CBO
@GRDecter US response: “Relax, just watch me print a solution”