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But we saved everything 🙂.
David Ditch warns that higher interest rates could add $1.5 trillion to U.S. deficits over a 10-year period.
He also highlights that this increase would reduce long-term GDP growth by 0.1% annually.
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Ditch recently argued that excessive debt contributes to higher interest rates and inflation. In an earlier note, he said that passing a continuing resolution reduces the opportunity to address fiscal deficits. His latest remarks add to his ongoing focus on U.S. debt and fiscal risks.