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US needs an additional $600 billion a year for higher interest payments
| hyperventilating painfully honest stage | 10/05/26 |
| hyperventilating painfully honest stage | 10/05/26 |
Poast new message in this thread
Date: October 5th, 2026 11:03 AM Author: hyperventilating painfully honest stage https://www.cnbc.com/2026/10/05/treasury-yields-fiscal-concerns-not-crisis-yet.html
"The bank estimates U.S. interest expenses in fiscal year 2026 to be around $1.1 trillion and continue rising if rates remain elevated. Its projections show financing costs reaching $1.4 trillion in fiscal 2027, $1.5 trillion in 2028 and $1.6 trillion in 2029, if yields stay around current levels.
The weighted-average maturity of U.S. government debt is about 5.9 years, meaning higher borrowing costs feed through gradually as existing bonds mature and new debt is issued. The average coupon on Treasury securities excluding bills is still just 3.1%, according to TD Securities."
For comparison, Trump's BBB was expected to cost $4T over 10 years I think. |
Date: October 5th, 2026 11:07 AM Author: hyperventilating painfully honest stage Not a big deal. We can offset the additional (and I mean only the additional) interest payments but cutting 50% of all govt "discretionary" non-defense spending.
Honestly we dont need the govt agencies or ICE or roads or Homeland Security. |