Yes this will doom us if it is not taken care of but I expect the American people will get smart and elect congressional leaders that will care of the growing national debt before we default.

9.8% of all of our government's revenues (tax dollars) are wasted on paying interest on the $22 trillion dollars of national debt(1)(2).

1) https://www.cbo.gov/publication/55342

2) https://www.usdebtclock.org/