When interest on national debt overtook military spending, it triggered a limit where the U.S. may "cease to be a great power", warns Hoover historian

Interest payments on the U.S. national debt are set to surpass $1 trillion in 2026, some $88 billion a month—equal to spending on defense and education combined. The economy has tripped past this point before: that is, there have been brief periods in history when service payments on the debt have