From the Archives: This Is What a Death Spiral Looks Like

Interest on US government debt has gone parabolic

The US government just finished a blow-out fiscal year, in which its debt and the interest on its debt both soared. See U.S. deficit tops $1.8 trillion in 2024 as interest on debt surpasses trillion-dollar mark.

If it looks like we’re spinning out of control, well, yeah, we absolutely are. Here’s a post from July of 2023 explaining where the US — and by …