Over $400 billion of the Treasury's money  is paid in interest every year to people who have capital. The amount of interest is based on whatever rate they will accept. (i.e. the market rate of interest).

Since the debt accumulates over the decades,  tomorrows voters will be left to pay for the govt services (including elective wars) of the current group who opt to put their govt's tab on a Chinese credit card.

Actually, a big chunk of this debt-service obligation is paid to the Chinese Communist Govt (which has financed our govt operations, because Americans are spoiled brats who refuse to pay for the govt they want.)   No doubt, much of that interest goes to pay for the Chinee military.

End "socialist income redistribution" -- welch on the debt?