Staggering fact: US now spends more on debt servicing than national defense. The fiscal battlefield has shifted - it's not just about raising the ceiling, but curbing the rising tide of interest rates.

This was the exact threshold Paul Kennedy talked about in The Rise & Fall of Great Powers as the point at which virtually all of the nations he studied tipped into terminal decline. https://t.co/0RCuk5walM

— Martyr Made 🦉🪓 (@martyrmade) May 17, 2023