Title: Why Washington Is Pertrified Of Honest Interest Rates Post by: knight22 on October 01, 2014, 01:05:13 AM Uncle Sam’s $8 Trillion Annual Debt Churn: Why Washington Is Pertrified Of Honest Interest Rates
http://davidstockmanscontracorner.com/uncle-sams-8-trillion-annual-debt-churn-why-washington-is-pertrified-of-honest-interest-rates/ Quote I know that headline sounds completely outrageous. But it is actually true. The U.S. government is borrowing about 8 trillion dollars a year, and you are about to see the hard numbers that prove this. When discussing the national debt, most people tend to only focus on the amount that it increases each 12 months. And as I wrote about recently, the U.S. national debt has increased by more than a trillion dollars in fiscal year 2014. Quote But a Ponzi scheme like this can only last for so long. Quote 2013 Redeemed: $7,546,726,000,000 Issued: $8,323,949,000,000 Increase: $777,223,000,000 2012 Redeemed: $6,804,956,000,000 Issued: $7,924,651,000,000 Increase: $1,119,695,000,000 2011 Redeemed: $7,026,617,000,000 Issued: $8,078,266,000,000 Increase: $1,051,649,000,000 2010 Redeemed: $7,206,965,000,000 Issued: $8,649,171,000,000 Increase: $1,442,206,000,000 2009 Redeemed: $7,306,512,000,000 Issued: $9,027,399,000,000 Increase: $1,720,887,000,000 2008 Redeemed: $4,898,607,000,000 Issued: $5,580,644,000,000 Increase: $682,037,000,000 2007 Redeemed: $4,402,395,000,000 Issued: $4,532,698,000,000 Increase: $130,303,000,000 2006 Redeemed: $4,297,869,000,000 Issued: $4,459,341,000,000 Increase: $161,472,000,000 Title: Re: Why Washington Is Pertrified Of Honest Interest Rates Post by: Nagle on October 01, 2014, 05:51:46 AM Uncle Sam’s $8 Trillion Annual Debt Churn: Why Washington Is Pertrified Of Honest Interest Rates It's "petrified". Anyway, that's a very real issue. The Fed has been holding interest rates down by flooding the banking system with money. Classically, we should have had either inflation or an interest rate spike by now, but neither has happened. |