David Stockman on the effect of trillion dollar deficits on interest costs

[H]ere’s the thing.  Under any circumstance, these now guaranteed double-digit annual deficits (i.e. $2 trillion plus at current GDP levels) aren’t sustainable because compounding interest expense eventually sends the ship-of-state into the fiscal drink.

~ David Stockman, "Gridlock is Good - Except in the Jaws of Massive Public Debts," LewRockwell.com, November 6, 2020