2min snip

All-In with Chamath, Jason, Sacks & Friedberg cover image

E131: 2024 Fantasy President picks, debt ceiling agreement, Dollar dominance & more

All-In with Chamath, Jason, Sacks & Friedberg

NOTE

The Looming Threat of Interest Payments on US Federal Debt

The federal government's interest payment on debt is getting refinanced at higher rates, making interest payments mount significantly/nThe government spends more on interest payments on the federal debt than on national defense/nInterest payments on the debt are hindering funding for major cost outlays like Social Security and Medicare/nInterest payments are starting to threaten the government's ability to fund Social Security and Medicare

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