I took a look at the US national debt.

https://usdebtclock.org/

I used a stop watch to time how long it took to add $1,000,000 to the national debt.

31 seconds.

That is $2,000,000 added to the national debt every minute.

$120 million every hour.

$1.4 billion every day.

$500 billion every year -- and that is JUST the interest on the debt. It does not factor in ADDITIONAL SPENDING beyond that.

And with the higher interest rates ... it is accelerating.

McCarthy made a "deal" to eliminate the debt ceiling, which means no more need to get "approval" (i.e. rubber stamp) to spend unlimited money.