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David Ditch: Higher interest rates could add $1.5 trillion to U.S. deficits

David Ditch: Higher interest rates could add $1.5 trillion to U.S. deficits
Higher rates add $1.5 trillion to deficits

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.

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.

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