Gross issuance includes new debt (currently $3.0-trillion annualized rate) but also old debt being rolled over from 2-3% interest to 4-5%, effectively doubling cost to service that same old debt; by last quarter of 2030, interest on the debt is set to hit annualized $3 trillion

Gross issuance includes new debt (currently $3.0-trillion annualized rate) but also old debt being rolled over from 2-3% interest to 4-5%, effectively doubling cost to service that same old debt; by last quarter of 2030, interest on the debt is set to hit annualized $3 trillion: https://t.co/Vr51lwG9AW pic.twitter.com/el43uTjzrE

— E.J. Antoni, Ph.D. (@RealEJAntoni) March 25, 2024

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