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Tiny Interest Rate Hikes Are Painful for US Gov’t

Tiny Interest Rate Hikes Are Painful for US Gov't #Fed #ChartOfTheDay



 

  • US Government pays a crazy low 1.7% interest on all its debt
  • Low rates allowed US Government debt to double with no rise in interest spending
  • But, if rates slowly double interest as a percentage of total spending would double to 10%

 


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