Within a decade, more than $900 billion in interest payments will be due annually, easily outpacing spending on myriad other programs. Already the fastest-growing major government expense, the cost of interest is on track to hit $390 billion next year, nearly 50 percent more than in 2017, according to the Congressional Budget Office.
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What does the financial future hold? Possibilities are long-term higher inflation rates, short-term debilitating inflation hikes, substantially higher taxes, and/or currency collapse.