“””Where the debt suddenly rises so fast and becomes unsustainable.”””
During the low interest period 2009 thru 2021 that was funded by the FED, we also increased our national debt from about $9 trillion to $24 trillion.
During the years in the late 1980’s the Treasury issued 30 year bonds at 7% interest rate and were able to replace those 30 year bonds with a 2% interest rate in 2020.
we also increased our national debt from about $9 trillion to $24 trillion.
Yes and Trump had a plan in the works to get it lowered until 2020 then disaster struck and here we are.
Tt was in a decline first stages.