The consequences extend beyond accounting. As interest costs swell, they crowd out virtually every other national priority. The CRFB projects that rising interest costs will account for 28% of all nominal spending growth over the next decade and 120% of all spending growth as a share of GDP, meaning other programs will effectively shrink in relative terms just to make room.
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Arguably, investors' power beyond the formal agreements with OpenAI (as well as internal incentives) contributed to OpenAI's board losing when they attempted to fire Sam Altman.