[preacher]

"Take Social Security, Medicare and other benefits. Add in interest payments on a national debt that now exceeds $12.3 trillion. It all will gobble up 80 percent of all federal revenues by 2020, government economists project."

What happens when interest rates rise?

[greeneyes]

When interest rates rise, everyone with a home equity loan, variable rate mortgage, and credit card debt is going to have even less to spend than they do today.

The triple whammy will hit, higher interest costs, higher taxes, and inflation - return of the misery index.
Since the government did little to pay down debt during the good economic times, and embarked on huge borrow and spend, it’s economic disaster, if we don’t get this turned around soon.

[monocle]

All out war against the bamkers.