> I've heard worries that the government will run into budgetary issues if bond rates climb too high. There's no foreseeable future where the US government has

> I've heard worries that the government will run into budgetary issues if bond rates climb too high. There's no foreseeable future where the US government has issues servicing her debt. We deficit spend because our tax revenue as a percentage of GDP is anywhere between 5-15 percentage points below other advanced nations, because congress continues to be fixated on tax breaks for the wealthy and throwing money at pork barrel projects. There's plenty of room to raise revenue and reduce spending, the unfortunate problem is the timing of such moves - we had a whole decade to get things under control in a booming economy, now we may be forced to do so in a downturn if it comes to that.