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A recent analysis from investment management firm Doubleline noted that in 2025, the federal net interest payment on the U.S.’s now-$40 trillion national debt reached 18.5% of revenue, surpassing 1991’s record 18.4%. That means the U.S. is collecting nearly 19% of all taxes and revenue just to pay off interest on its ballooning debt, equivalent to $1.25 trillion—more than the entire 2026 defense budget.

Growing interest payments create a cycle: the government must borrow more just to cover the interest, leaving it less flexible to spend on infrastructure, education, and other investments that drive growth.

https://fortune.com/2026/09/07/us-natio ... t-bessent/

Peak interest rates were almost double today's rates in 1991. Which puts the US in a far worse situation now.

The corruption in the US under the current regime is mindboggling.

What is more concerning to me is that of the American population who voted in the last 3 elections, almost half voted for him 3 times...

Not to mention the Democrats who thought the best they had to offer in those 3 elections were Clinton, Biden and Harris...

Read an article in the August 10th edition of The New Yorker about Trumps mentor, Roy Cohn...In it they talk about the building of Trump Tower and Cohen directing Trump to hire a concrete company owned by the heads of the Genovese and Gambino crime families...

Anyone who has spent time reading about Trumps past wouldn't find that alarming, not only did he associate with crime families but also the Russian mob, but what is alarming to me is that the Americans are so apathetic about it and their press seem to have given up or are too afraid to report on it....

5thhorseman wrote: ↑Mon Sep 07, 2026 8:11 pm Peak interest rates were almost double today's rates in 1991. Which puts the US in a far worse situation now.

If the debt is older, growing interest rates (and inflation) lessen the true cost of debt. I say this descriptively, not normatively. If I borrow $100 and promise to give you $120 in 5 years, and it takes $135 to buy what could have been bought 5 years ago with $100, then I'm getting to spend the cash when I need it and I am paying back less (in effective value) than I borrowed.

I don't point this out because I support it, but it is an effect of inflation. It aids debtors, doesn't hurt creditors as bad as default (which is the elephant in the room), and screws everyone else, particularly those with a larger percentage of income dedicated to core expenses (food, energy, shelter).