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Interest Cost On Federal Debt Set To EXPLODE!!!!

This is a syndicated repost published with the permission of Confounded Interest. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

There is no doubt about it. Politicians love to promise free things (or underpriced things) in order to get elected (aka, intergenerational theft). Then borrow staggering amounts to fund their promises. For example, the Federal government borrowed $10.16 TRILLION since October 2008, doubling the Federal public debt outstanding.

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With The Fed pushing down interest rates since 2008, The Federal government gorged on “cheap money” and fiscal restraint was thrown to the wind.

Now with interest rates rising, payments of US debt will rise from 1.3% of GDP to 6% in four decades.

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Take a look at the unfunded liabilities at USDebtClock on the bottom.

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Are Andy Dwyer and April Ludgate running the Federal government?

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