Source: Libertarian Institute
by Joseph Solis-Mullen
“With U.S. gross debt now at a staggering $37 trillion — roughly equivalent to the combined debt of all other major advanced economies — Washington is trapped in a fiscal doom loop of its own making. Decades of bipartisan overspending have pushed the nation to a point where a mere 1% increase in mean Treasury interest rates adds $370 billion to annual debt service costs. The arithmetic is unforgiving. Yet, Donald Trump’s second administration is doubling down, pursuing policies that risk accelerating the crisis.” (09/04/25)
https://libertarianinstitute.org/articles/washingtons-fiscal-doom-loop