
U.S. Interest payment is now equal to Defense spending
— Mark Moss (@1MarkMoss) May 11, 2023
And 30% of the debt has to be refinanced in the next 12 months at todays higher rates!!
Hang on! 🚀 pic.twitter.com/stDRMEkpSm
Insights for Navigating an Uncertain World
U.S. Interest payment is now equal to Defense spending
— Mark Moss (@1MarkMoss) May 11, 2023
And 30% of the debt has to be refinanced in the next 12 months at todays higher rates!!
Hang on! 🚀 pic.twitter.com/stDRMEkpSm
Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times. View more posts