It is troubling that after a decade of an economic expansion, the US government is still spending money as it does during and immediately following a recession. Its as if the economy is now in a state of permanent "stimulus.".............The more the total national debt rises, the more debt service will become a serious issue if interest rates increase even moderately. Given the prospects for higher interest rates in the future, the Congressional Budget Office estimates interest payments on the debt will increase substantially in the future:.............Read More
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