US Budget Deficit Widens Rapidly Threatening Debt Limit

The average maturity of the outstanding debt is about five years. That means as it's rolling in over, because it reflected interest rates coming down almost to zero. But that's a huge interest payment from where it was a year ago. So your total interest payments are going to rise quickly. And anyway, we'll see where this goes. We're on a fiscally unsustainable path. The three things you can cut, you can cut interest on the debt, but then you can't borrow more. You can cut military spending, but thenYou can't borrowing more. Somebody's got to force everybody to take that debt.