3 ms·

11% interest on 30+ trillion dollars of national debt.

• thomasahle 4y ago
  Doesn't interest rate changes only affect future debt?
  • deleted 4y ago
    [deleted]
  • jnwatson 4y ago
    Average maturity of US debt is sitting at 65 months right now. The treasury borrows at several maturities for various practical purposes, including that shorter term maturities have lower rates. Most of the current debt will have to be refinanced.
• rayiner 4y ago
  Wait what? I remember when it crossed $10 trillion. When did we become Japan?