Summary:
If our debt is still 3.5 times the size of our entire economy, when interest rates return to long term historical averages, we would need to devote more than 1/4 of our GDP just to paying the interest on our debt.
If our debt is still 3.5 times the size of our entire economy, when interest rates return to long term historical averages, we would need to devote more than 1/4 of our GDP just to paying the interest on our debt.