Maybe it is just me but why does not anyone write about interest on the federal debt vs. federal revenue. Clearly it will be a problem long before the interest on the debt reaches 100% of incoming revenue. 2020 the interest was $479B, revenue was $3,400B. Now this would seem manageable even if interest rates doubled which they can only do slowly since a lot of the debt is long term debt.

One snag is the government is committed to around $3,000 for things that are pretty much not negotiable, Social Security, Medicare, Medicaid, Food Stamps so we have to borrow to do anything else, like run the other government agencies and the Military.

It is clear the debt will grow, no future generations will not have to pay back the debt. We will always have debt and we will probably always add more debt. We need to make sure that the growth in interest on that debt does not exceed the growth in revenue.

TEK