Rising Interest Expense and Public Debt Sustainability

A $1 Trillion Conundrum: The U.S. Government’s Mounting Debt Bill
https://www.wsj.com/finance/the-u-s-government-will-soon-spend-more-on-interest-payments-than-defense-ee6fbeec
Higher Treasury yields snowball into $1.1 trillion of additional interest 

The Era of Big Taxes Is Upon Us
https://www.wsj.com/economy/global/taxes-governments-worldwide-9e07c2c0
With debt more expensive, rich countries are turning to voters and businesses to pay for growing spending needs 

SHOULD WE ELIMINATE THE SOCIAL SECURITY TAX CAP? HERE ARE THE PROS AND CONS
https://www.pgpf.org/blog/2023/12/should-we-eliminate-the-social-security-tax-cap-here-are-the-pros-and-cons

So it’s come to this: We might have to worry about the deficit
https://www.vox.com/money/2023/12/18/24001984/us-budget-deficit-2023-debt-tax-revenue-interest-rates
America rarely has its financial ducks in a row. Does it finally matter?

Wall Street’s ‘Bond Vigilantes’ Are at Battle as U.S. Debt Soars
https://www.nytimes.com/2023/12/18/business/economy/government-debt-bond-vigilantes.html
The financial world has been debating if market appetite for U.S. debt is near a limit. Not everyone agrees this is something to panic about, but the ramifications for funding government priorities are immense.

Two parties, two wildly different spending solutions, both implausible
https://www.washingtonpost.com/opinions/2023/12/08/republicans-democrats-government-spending/
Nearly $1 trillion could be saved in a decade by curtailing subsidies to agribusinesses and trimming Social Security and Medicare benefits for wealthy retirees.

The $2 Trillion Interest Bill That’s Hitting Governments
https://www.wsj.com/economy/global/the-2-trillion-interest-bill-thats-hitting-governments-90142a5a
Debt-servicing costs complicate plans in many countries for more military, climate spending 

Interest payments on the nation’s debt are soaring, adding pressure to Congress’ spending battle
https://www.cnn.com/2023/11/16/politics/interest-payments-federal-government-debt/index.html
 
US Yields Underestimate ‘Adverse Fiscal Dynamics,’ Barclays Says
https://www.bloomberg.com/news/articles/2023-11-16/barclays-says-us-yields-underestimate-adverse-fiscal-dynamics

Central banks will have to slash rates as the world’s fiscal bubble bursts

https://www.telegraph.co.uk/business/2023/11/15/global-economic-recovery-central-banks-fiscal-bubble/
 
Back to the future? The new interest rate normal might look a lot like the pre-crash era
https://thehill.com/opinion/finance/4299865-back-to-the-future-the-new-interest-rate-normal-might-look-a-lot-like-the-pre-crash-era/