What’s hard
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The rapid climb didn’t happen overnight. Interest costs have surged due to a one-two punch: the federal debt load has ballooned by trillions, while interest rates climbed sharply from near-zero post-pandemic lows. As a share of the economy, interest costs have doubled from 1.6% of GDP in 2021 to a record 3.2% in 2025. Today, the government already spends more on debt interest than on Medicaid or the entire national defense budget, programs Americans viscerally feel and politically fight over. Yet the interest line item draws comparatively little outrage.
September 2025: I added the Dreame Aqua10 Ultra Roller as the best robot vacuum for pet hair on carpet and shifted the Roborock Saros 10R (previously named the best robot vacuum overall) to the best robot vacuum for pet hair on hard floors.