Latest / The Fiscal Policy Podcast with Fexingo: Government Budgets, Stimulus, and Public Spending
The National Debt Clock Is Spinning Faster Than You Think
In the debut episode of The Fiscal Policy Podcast, Lucas and Luna start with a staggering number: the U.S. national debt has passed $36 trillion for the first time as of last week. They unpack what that actually means—who holds the debt, how much is owed to foreign governments versus domestic investors, and why the interest cost alone is now over $1 trillion per year. They use the 2025 Congressional Budget Office long-term outlook as a concrete reference point, noting that interest payments are on track to exceed defense spending by 2027. Luna raises the question of whether the debt matters…
The skinny
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