Rep. David Schweikert
@RepDavid
Avid hiker and coffee enthusiast who is proud to represent Arizona's 1st Congressional District in the U.S. House of Representatives.
859 Following 39.9K Followers
At a 5% average interest rate, $63 trillion in debt means about $3.15 trillion a year just to pay interest.
By 2036, that could consume roughly 56% of federal revenue outside payroll taxes.
That’s interest fragility. Eventually you’re borrowing just to cover the cost of past borrowing.
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