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Why would he? I’ve been hearing concerns about national debt my whole life (including the 80s when interest rates were a hell of a lot higher than now), and I’m
by mikestew 1y ago
Why would he? I’ve been hearing concerns about national debt my whole life (including the 80s when interest rates were a hell of a lot higher than now), and I’m retirement age. I’m not saying those chickens won’t eventually come home to roost, but probably not anytime soon. The U. S. has become quite skilled at giving that tin can a swift kick down the road.
- CalRobert 1y agoI generally agree but servicing costs alone are over a trillion a year and have doubled in the last five or so, which is worrying. I don’t see how current leadership can address this https://www.cbsnews.com/news/trump-big-beautiful-bill-federal-debt-servicing-cost-what-to-know/ https://www.cbsnews.com/news/trump-big-beautiful-bill-federa...
- mritterhoff 1y agoTrue, but as a percentage of GDP we're at historical (peacetime) highs.
- readthenotes1 1y agoBecause paying the interest on the debt is now the fourth leading cost of the federal government, and since we are running an ever-increasing deficit, it will only grow. The chickens are flocking around the roost now.