Tuesday, March 20, 2012

Caught in the debt trap

Via Zero Hedge, here's a good explanation of the interest expenses on the national debt if interest rates reset to historical levels.  Hint: taxing the "rich" won't save us.


Incremental, increshmental said...

D-Day didn't win World War II by itself, either. Why'd we even bother?

Eric said...

Frankly, at this point, I'd like to see the Buffett rule implemented just so we can take this perpetual class warfare nonsense off the table.

On an annual basis, it will pay for one day of borrowing. One day.