Video – A Deficit and Interest Rate Time Bomb

The real danger facing the US government is the massive, and fast growing, interest currently being paid on the debt. The Committee for a Responsible Budget estimated that President Trump’s “Big Beautiful Bill’ will increase the US debt load by at least $3.3 trillion and boost the annual deficit to more than 7% of GDP by 2034.

Moody’s cut the U.S. credit rating citing rising debt and interest payments on the debt that outpaces those of similarly rated sovereigns.