If interest rates were modified to reflect the average rates in the 1980s, in 2021, our interest payments would nearly triple from CBO’s projection of $749 billion to $2.0 trillion. Accumulated interest payments over this period would double from their current projected level of $5.7 trillion dollars to $11.0 trillion dollars.
Post Tagged with: "generational debt"
February 21, 2011 08:59
A Legacy of Debt
The younger generation needs to realize that all of this debt (all fourteen-plus trillion dollars) will need to be repaid at some point in time and by someone. It isn’t just going to magically disappear.
September 16, 2010 16:27
We have to reclaim the country – Paul Ryan
We are giving the next generation crushing tax rates and a burden of debt that they cannot sustain themselves. The government will have to take double out of every dollar earned by our children just to pay for this government.
