This one is our national debt and the interest due on it.
• the average interest rate on debt will exceed the economic growth rate by 2045, sparking the beginning of a debt spiral
• Federal debt held by the public will rise from 100% of GDP in FY2025 to 156% of GDP by 2055
• annual deficits will grow from 6.2% of GDP in 2025 to 7.3% of GDP by 2055
The obstructionism of the Left and their Progressive-Democratic Party isn’t even centered on principle, only on anti-Trumpism and anti-Republicanism and anti-Conservatism.
Potentiating the economic disaster that our debt and associated interest payments portend, those things would accumulate into the loss of the US dollar as the world’s reserve currency. That, in turn, would feed back negatively into our economy, forcing it onto the vagaries of foreign currencies and currency exchange rates.
This is why the DOGE-led spending cuts must be enacted into law by Congress. This is what the Left’s and their Progressive-Democratic Party’s obstructionism will cost us.