How bad has the US debt crisis become?

Interest payments on US Federal debt are set to DOUBLE in just 3 years.

Interest expense is set to rise from ~$800 billion in 2022 to ~$1.6 trillion in 2025.

Even if the Fed cuts rates by 150 basis points, interest payments will still hit… pic.twitter.com/hn4OnJmro3

— The Kobeissi Letter (@KobeissiLetter) April 12, 2024