The Trap Has Been Set — And No One Told You In the next 12 months, the U.S. government must refinance $9 trillion in existing debt. That’s not new spending—it’s old IOUs that were issued back when interest rates were near zero. But today, we’re living in a 5%+ interest rate world, and that cheap debt is rolling over into a much more expensive future. The math isn’t complicated. Interest payments alone are now over $1 trillion per year. And that’s before a single new dollar is borrowed. It’s Not a Deficit Crisis. It’s a Refinancing Crisis. When most people hear “national debt,” they think about annual deficits. That’s only part of the story. The real crisis is that the…
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