David Schweikert: U.S. borrowing adds $2 trillion in interest if rates stay high

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26.05.2026

David Schweikert: U.S. borrowing adds $2 trillion in interest if rates stay high — U.S. borrowing may add $2 trillion interest

David Schweikert highlights that Washington is currently borrowing over $90,000 every second.

According to Schweikert, if recent interest rate increases persist, this could result in an additional $2 trillion in interest costs over the next ten years. He emphasizes the unsustainable nature of current government spending trends.

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Schweikert previously warned that Washington is borrowing new funds to pay interest on its existing debt, raising concerns over fiscal sustainability in a recent statement. Market observers have also noted that Greece now issues 10-year bonds at lower costs than the U.S., according to a separate analysis. These developments come amid heightened focus on U.S. government borrowing and interest expenses.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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