A stunner: National debt interest will soon exceed national defense spending
Andrew MalcolmPosted at 2:31 pm on December 27, 2018
President Trump has harshly criticized the Federal Reserve in recent weeks for inching up the standard interest rate to guard against rising inflation and threatening the four percent economic growth rate the billionaire likes to brag about.
Here’s another reason: The higher interest rates on your credit card balances and car loans also apply to the federal government’s borrowing.
https://hotair.com/archives/2018/12/27/national-debt-costs-soar-with-interest-hikes/
