Is being heavily in debt a burden? The US says: I am almost suffocated by it. 😅

The US debt problem is no longer a "risk," but an ongoing accident happening in real time.
Let's look at some numbers and feel the weight yourself. 👇
💸 US government annual interest expenditure: $1.47 trillion (a new record high)
Note,
This is not paying back the principal,
Just—interest.
📈 Federal interest expenditure year-over-year +5%, reaching $1.20 trillion
Even more terrifying:
In just 4 years, interest costs have doubled.
It's not an explosive economic growth,
It's a debt snowball out of control.
🏛️ State & local government interest expenditure: $270 billion
Although down 3% year-over-year,
It still exceeds the pre-2007 financial crisis level
by a full $80 billion.
The so-called "decline"
is just stepping back half a step from the edge of the cliff.
📊 Federal + state + local interest expenditure / GDP = 4.7%
👉 Nears the highest level in 27 years
What does this mean?
It means more and more social wealth
is being used to fill past holes,
rather than investing in the future.
In plain words:
The US is now "borrowing new debt, supporting old debt, using the future to pay interest."
Fiscal space is eaten up by interest,
Policy space is locked by debt.
So you see:

Why is #降息 so difficult

Why inflation just won't go down

Why asset bubbles keep popping up one after another

It's not that they don't want to solve the problem,
It's that there are no longer low-cost options.
Using "debt crisis" to describe the current US,
is indeed a bit conservative.
A more accurate way to say it is:
👉 Debt has become the "underlying assumption" of the US system.
👉 Everything operates on the default that it won't explode.
The question is—
How much longer can it last?
The market is already voting with its prices.