The US is running fiscal dominance: interest payments have reached $1.2 trillion/year, the US is borrowing $1 trillion every 85 days, and federal spending is 25-26% of GDP; this trajectory is unsustainable and will end either through deliberate fiscal discipline or currency collapse
factualpending
Speaker
DoombergEvidence Quote
“I think we are running basically what groman again calls um fiscal dominance right like we our interest payments are up to 1.2 trillion a year we're borrowing a trillion dollars every 85 days um the fiscal spending and what the Washington machine has just grown to 25 to 26% of US GDP”
Created: 8/11/2026, 7:18:45 AM
My Notes
Loading notes...