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Marc Goldwein states that every 1% increase in the interest rate results in an additional $3.5 trillion added to the U.S. national debt.
This highlights the significant fiscal impact of changes in interest rates on government borrowing costs.
Goldwein previously estimated that a 1% rise in interest rates could increase U.S. debt by $3.5 trillion. He has also argued that achieving primary budget balance may lower interest rates and support debt sustainability. His recent comments build on these prior assessments of fiscal risk tied to interest rate movements.