Schiff w/ Bodrovics: We’re in a Debt Spiral - SchiffGold.com
Schiff w/ Bodrovics: We’re in a Debt Spiral - SchiffGold.com
Source: SchiffGold.com
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DW NOTE
The federal deficit hit $1.9 trillion—6% of GDP—in fiscal 2026, up 4% year-over-year, while the 10-year Treasury now yields 5.09%. When you borrow $1.9 trillion at 5%, the interest expense alone compounds faster than tax receipts can grow, which means next year's deficit funds this year's debt service plus whatever new spending Congress can't resist.