BankSith on Nostr: Billionaire investor Druckenmiller is concerned that rising interest payments on the ...

Billionaire investor Druckenmiller is concerned that rising interest payments on the debt will eventually consume government spending, leading to a fiscal crisis. He highlights that the current economic environment, characterized by low interest rates and a lack of political will to address the debt problem, could exacerbate this issue. He warns that the situation is so dire that the interest on the debt could eventually surpass spending on essential programs like healthcare, discretionary spending, and even Social Security. 🧡

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