The National Debt, Do You Worry About It?

[vantexan]

Two different things. Short term consumer rates vs Treasury rates.

But the interest paid servicing the national debt has climbed in two years from about $350 billion to close to $900 billion. Further increases in Treasury rates as well as continued deficit spending will start taking away discretionary spending. Sooner or later hard decisions have to be made.

 

[vantexan]

Why not spend a whole lot less and pay that sucker down?

Over a trillion in deficit spending now. Even if they eliminate all of that they'll hardly budge the debt.

 

[Wally]

But the interest paid servicing the national debt has climbed in two years from about $350 billion to close to $900 billion. Further increases in Treasury rates as well as continued deficit spending will start taking away discretionary spending. Sooner or later hard decisions have to be made.

Good luck. The Democrat solution will be to tax us into oblivion.

 

[vantexan]

Good luck. The Democrat solution will be to tax us into oblivion.

That's the problem. The political will isn't there and politicians are beholden to constituencies they've promised benefits to.

 

[Wally]

That's the problem. The political will isn't there and politicians are beholden to constituencies they've promised benefits to.

The State of the Union speech is coming up. No one word will be said about this ticking time bomb.

 

[PT Car Washer]

Why not spend a whole lot less and pay that sucker down?

Reelect Bill Clinton for President?

 

[IVE GOTTA PACKAGE 4U]

Two different things. Short term consumer rates vs Treasury rates.

The 30 year is over 4%

 

[Sportello]

The 30 year is over 4%

We are paying less than 3% on our debt. The former guy really messed up.

 

[IVE GOTTA PACKAGE 4U]

We are paying less than 3% on our debt. The former guy really messed up.

No the Fed messed up

 

[Up In Smoke]

Over a trillion in deficit spending now. Even if they eliminate all of that they'll hardly budge the debt.

No, the interest on short term treasuries sold from19-20 is the difference. The failure to sell long term treasuries at a spread that was sustainable is what will kill us. Selling 30s today could keep us afloat, but nobody wants them.

 

[Up In Smoke]

The 30 year is over 4%

That's serviceable at the GDP projection.

 

[IVE GOTTA PACKAGE 4U]

That's serviceable at the GDP projection.

You're also forgetting the debt is going up every year

 

[Wally]

You're also forgetting the debt is going up every year

What if all out war breaks out?

 

[IVE GOTTA PACKAGE 4U]

What if all out war breaks out?

More debt

 

[Up In Smoke]

What if all out war breaks out?

Wars bring prosperity for all.

 

[vantexan]

We are paying less than 3% on our debt. The former guy really messed up.

Biden is a trannie?

 

[Up In Smoke]

No the Fed messed up

There was a plan in 2018 to begin QT, but the administration freaked after the midterm bashing and the market tanked, gov shut down and the yields inverted sent the Fed into panic mode. Free money for all wasn't working as planned when the wealthy kept it all

 

[vantexan]

Reelect Bill Clinton for President?

Elect Newt Gingrich.

 

[Over70irregs]

Saw an interesting video about that last year explaining why that won't happen or if it does it won't soon. China is imploding. As bad as our debt is we're in significantly better shape than they are. Not saying it can't happen, but probably won't for decades.

With our debt we don’t have decades.

They better find a way to get the interest rates down or they're really going to be in trouble

I have to say the debt is moving too fast. Not sure what to do. I’m stumped. Low rates makes the road even shorter….

 

[PT Car Washer]

Elect Newt Gingrich.

Is he even alive? Okay, Newt for Congress.