Government interest payments going vertical

Government interest payments going vertical.
This will only increase dramatically and will have an ever larger impact on the US budget.
With the current presumed terminal rate of the Fed funds rate we're looking at over $1 trillion/per year much larger than the US defense budget. pic.twitter.com/ysgJloFQPY

— Sven Henrich (@NorthmanTrader) September 30, 2022