Impact of US Debt Spiral (Patreon)

US takes in about 4T in taxes

At current rates, 34T in debt will roll into a 5% Coupon

Nearly half of all Govt income will be spent on Debt unless something changes fast. 

high deficits → high interest payments → higher deficits → more borrowing → higher interest payments → higher deficits → even more borrowing → (eventually) higher demanded interest rates → even higher deficits → debt death spiral

Per James Lavish