- "We will be in a boatload of trouble when we see interest rate spikes," Democratic Rep. Dean Phillips says, referring to the interest costs on the national debt
"A bipartisan group of lawmakers is warning that the national debt –– now estimated to total $85,210 per person –– poses an imminent threat, especially if interest rates spike.
The U.S. government has spent around $6 trillion during the coronavirus pandemic, in addition to regular government appropriations.
The $6 trillion figure does not count the $1.9 trillion American Rescue Plan that President Biden signed a few weeks ago.
The deficit set a record in FY2020 at $3.13 trillion...
Maine Independent Sen. Angus King, a member of the Senate Budget Committee who caucuses with the Democrats, said that 
"we've got a problem" as a country with the rising deficit and national debt, particularly around the interest on the debt...Read all.
"we've got a problem" as a country with the rising deficit and national debt, particularly around the interest on the debt...Read all.
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