Massive Public Debt Will Burden Future Generations
4 min readFeb 2, 2022
Once the debt is rolled over, annual interest expenses could exceed $1 trillion.
The U.S. public debt now exceeds $30 trillion — the highest amount ever seen in the nation — and it is growing by more than $100 billion per month.
The debt ceiling will have to be raised shortly. Last December, Congress raised the debt ceiling, which should be adequate…