Skip to comments.Interest on our country's debt to nearly quadruple over decade - CBO
Posted on 02/12/2014 10:10:08 AM PST by SeekAndFindEdited on 02/12/2014 10:11:26 AM PST by Admin Moderator. [history]
For the next few years, deficits are looking pretty good. But the interest owed on the country's cumulative debt is set to nearly quadruple over the next decade.
The Congressional Budget Office projects that interest will be $233 billion this year, or 1.3% as a share of the economy.
(Excerpt) Read more at money.cnn.com ...
So what’s the problem? Just raise the debt ceiling.
Next problem, please.
Waite til interest rates double and triple..
Exactly. Why are we even talking about this? And if it is an issue, its because the “rich” aren’t paying their “fair share” anyway.
That’s the problem for future generations. We need all our free stuff and not have to work for it.
The whole wall of dominos will come down before they ever collect on the interest. This is probably engineered to make a path for the real NWO. Soros will be able to don his Emporer Palpatine robe with 0 at his side wearingbthe oversized helmet.
QE assures that they won’t. Free money is always cheaper than borrowed money.
Why in the world would the debt interest quadruple when America is experiencing a Rainbow and Unicorn Utopia!
Wait until the economy begins to actually recover and interest rates go back to normal...we’re looking at debt servicing cost of $850 Billion just for 5%.
No worries. Socialists created the problem. Socialism Is Legal Plunder. BIG GOVERNMENT IS CRONY SOCIALISM. He has erected a multitude of New Offices, and sent hither swarms of Officers to harrass our people, and eat out their substance. TOTALITARIANS will turn those screws a little tighter and it will be fixed.
“See something, say something” ALERT!
Plunder & death. (hidden agendas)
That’s why the Fed has to keep rates low. Unfortunately, the money will be worthless. I think that this is the ultimate plan.
“If you wike your debt you can keep it.”
exactly. interest rates traditionally are about 4%. Moving to that from today is a 400% increase. Had they been allowed to float naturally, this would not be the huge liability to the global economy that it is today.
No one cares anymore. why don’t they just put $kazillion?
That’s okay: we’ll just print more money. :)