Endgame: US Federal Debt Interest Payments About To Hit $1 Trillion

 Read: https://www.zerohedge.com/markets/endgame-us-debt-interest-payments-about-hit-1-trillion

 if the Fed indeed keeps rates "higher for longer", the blended rate on the debt will surpass 4% in one year. That would be a complete disaster for the US, and it would mean that interest payments on total US debt of $32.3 trillion would hit $1.3 trillion within 12 months, potentially making interest on the debt the single biggest US government expenditure and surpassing social security!

According to the St Louis Fed's FRED and the BEA, the interest payments by the Federal Government have now surpassed $900 billion for the first time ever, and within a quarter will hit probably rise above $1 trillion, a historic benchmark that will probably begin the countdown to the US Minsky Moment.

My comments: I think this is overly dramatic.  The last I saw, net interest payments wouldn't exceed $1 trillion per year until FY 2029.  Still this is worth reviewing further.