It is easier to predict spending. It is hard to predict interest rates. When nobody is willing to buy our debt, the rate will skyrocket and therefore, so will our total debt and interest payments. I suspect, the Fed will print and buy to try to avoid that, but then the US dollar will plummet in purchasing power making everything worse. It will be ugly. It will be so important to have things of value, ie. paid off house, tools, garden skills, BTC, gold/silver, etc.
Discussion
Right. And that is why I call it the point of no return. It is the event horizon. We might orbit the singularity, but that is where we will ultimately be headed. It is the financial version of this:
https://www.youtube.com/watch?v=6akmv1bsz1M
Debt is gravity, interest is the acceleration, and escape velocity is when the interest balances the ability to pay. We will find ourselves in a economic black hole, and I think soon.