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To: Kaslin

Tax revenues are up substantially - unfortunately, spending is also - thus the interest on the debt gobbles an ever-larger chunk of tax revenue, which means more borrowing, which means more interest. Pretty soon, tax revenues will barely cover the INTEREST payments.


14 posted on 05/05/2018 10:14:36 AM PDT by TheBattman (Democrats-Progressives-Marxists-Socialists - redundant labels.)
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To: TheBattman

$20T @ 2% = $400B. 2% is a below average rate.

Avg rate is 5%.

$20T @ 5% = $1T.

5% is an average rate. The rate could go higher in the next 10 years.


26 posted on 05/05/2018 12:17:10 PM PDT by joshua c (To disrupt the system, we must disrupt our lives)
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