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But we saved everything 🙂.
Marc Goldwein warns that if current interest rates remain elevated, the U.S. could face a significant debt increase of $2 trillion and see interest payments consume 30 percent of government revenue. He notes that mortgage costs could rise by $96,500 and projects that by 2029, rates of return will exceed growth, widening to a 75 basis point gap by 2036.
Goldwein concludes these trends could push America into a debt spiral.
Goldwein previously cautioned that rising yields could increase U.S. debt by $2 trillion over a decade, as outlined in his recent analysis. In another warning, he noted that a gas tax holiday might risk highway construction while yielding only a 0.1 percent reduction in cost of living, according to a separate report. His comments reflect ongoing attention to the fiscal impact of rate and policy movements.