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Will the Fed Just Be Back in Too Much of a Corner?
As interest rates continue to normalize, we'd eventually be looking at like a trillion and a half dollars of just pure interest that we're paying. It could still take five years or so before that becomes a problem for them to get the funding that they need simply because how long it takes their debt to roll over. And so I don't think within the next five years, we're going to be seeing major issues of like the government cannot pay its bills no matter what. However, within the next 10, probably 15 years, it's almost inevitable that that happens at some point.